Charitable Giving Is Down. It Might Be Time To Reform The Charitable Deduction.
It's distortionary. It's regressive. And right now it only benefits a sliver of taxpayers and nonprofits. It's time to talk about the charitable deduction.
by Greg Rosalsky
Nov 12, 2019
3 minutes
Editor's note: This is an excerpt of Planet Money's newsletter. You can sign up here.
Before we get going, can we ask that you think about giving to your member station this year? Link here. Great, now that that's out of the way, can we talk about whether the charitable deduction on the federal income tax makes any sense at all?
The holidays are approaching. The Salvation Army's red kettles are jingling. Canvassers are canvassing. Public radio hosts are pleading. "Giving Season" is upon us,
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