impressions on my mind coasting through life's journey...

Charity in America

Marketplace draws attention to charitable giving in America.

One point that is put forth so well is that most of the giving by the wealthy is done toward culture: libraries, museums, universities etc which is really an investment for their children in the future what's known as affirmative action for "legacies."

So the question is should the tax deduction be the same as say a donation to the Red Cross? Should the tax laws be amended to that effect?

It turns out, in fact, that only an estimated 10 percent of all charitable deductions(approx 200 Billion) this year will be directed at the poor. Now that tells you something.

Tags : ,

If you liked this post , you might want to AddThis Social Bookmark Button

Also for future posts, AddThis Feed Button to my feed using your favorite feed reader

0 Responses to “Charity in America”

Post a Comment


Subscribe to my RSS Feed

  • AddThis Feed Button

Get via Email

Top Posts


    • The Best Stuff in the World
    • The Best Web 2.0 Software of 2006

Text Link Ads

Worth a visit

© 2007 MyJottingz | Blogger Templates by GeckoandFly.
No part of the content or the blog may be reproduced without prior written permission.
Top Personal