I read an article today by Martin Feldstein, brilliant Harvard Economist, who wrote regarding the Governments plans to remove the tax deductions for charitable donations given by the wealthy. I think the government is thinking that they are just closing up a tax loophole for the wealthy, but in fact they are going to hurt charitable giving. He explains why it is yet another not very thought out government idea.
I can't help but point out that I wrote my post before Mr. Feldstein did, but he most certainly wrote his more intelligently and with greater data to back up the argument.
Click here for the article.
5 weeks ago
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