The Daily Read

Taxing charities is not a good thing. Martin Feldstein (professor of economics at Harvard and President of NBER) writes a brilliant article in today’s Washington Post discussing how the Obama administration’s proposal to reduce allowable deductions for donations to charitably for families making over $250,000 a year amounts to just such a tax on charities. At the same time, he points out that this proposed tax would likely also have the effect of reducing government revenue as well…

Great article, with the math to back it up.

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