Proposals to Cap Charitable Deduction, Raise Tax Rates Likely to Have Relatively Small Negative Impact on Overall Charitable Giving, Study Finds
The Obama Administration's proposals to reduce the charitable tax deduction for wealthy households and to increase the marginal income tax rates they pay would, by themselves, have a modest negative effect on itemized charitable giving, according to a new study conducted by the Center on Philanthropy at Indiana University and sponsored by Campbell and Company.