Lisa Chiu discusses an Urban Institute's Center on Nonprofits and Philanthropy study that found that President Obama's plan to limit charitable deductions for wealthy people would cost nonprofits at least $2.9-billion and perhaps as much as $5.6-billion dollars. The wide range in the estimates is a sign of disagreements among economists about the exact impact of tax changes on giving.
See Lisa Chiu, "Price Tag for Charity Tax Break Loss: at least $2.9-Billion," The Chronicle of Philanthropy, Oct. 6, 2011.
Posted by William Alan Nelson II, Associate Editor, Wealth Strategies Journal
See Lisa Chiu, "Price Tag for Charity Tax Break Loss: at least $2.9-Billion," The Chronicle of Philanthropy, Oct. 6, 2011.
Posted by William Alan Nelson II, Associate Editor, Wealth Strategies Journal
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