by Anonymous on November 10th, 2009

Anonymous

Question

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If all USA income taxes were eliminated, do you think that charitable donations would be drastically reduced, simply because they would no longer be "tax deductible," and the incentive to lower one's tax obligation would be simultaneously eliminated?

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Answers. 9 helpful answers below.

  • by RosieGHM Jetpacker on November 10th, 2009

    RosieGHM Jetpacker

    You betcher bippy baby! The poor among us would still be the largest/ probably the only contributors...those who always were charitable would continue to be so. Those whose motives were less stellar would stop cold turkey and not even feel guilty! Their multiple chartitable foundations would be dismantled tout de suite, staffs fired, without a doubt! :(

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  • by SoulSearcher on November 10th, 2009

    SoulSearcher

    Yep, the majority of large donors are doing this because they have accountants to tell them just how much they need to donate each year as a tax shelter. If the income tax was eliminated they would no longer have the incentive to give.4

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  • by Thriftymaid on November 10th, 2009

    Thriftymaid

    No. People give because they want to. Even if they take the tax write-off it's only a percentage of the donation.

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  • by level headed on November 10th, 2009

    level headed

    I don't think so. If taxes were eliminated people would have more money in their pockets. Donations can only be deducted if you have enough deductions to file something other then a 1040 short form. If you're filing a 1040 you will not be able to claim that charitable donation.

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  • by HoboJoe on November 10th, 2009

    HoboJoe

    I think the primary purpose of charity is helping other less fortunate souls. The tax deduction is secondary. At least in my point of view. So, no. People will still give. And probably more since the payment of taxes is gone.

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  • by Anonymous on November 10th, 2009

    No I think they would go up if the boards didn't recieve so much in salaries and more money actually went to the cause instead of adminastration fees. Take UNICEF for example. And will all the money collect every year to feed the starving, why are they not fed...Africa is a perfect example

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  • by Shemarq the Wamama on November 10th, 2009

    Shemarq the Wamama

    I honestly think if anything, it would increase. Even with the tax shelter, you still end up giving more money than you get back via the deduction. Most people and companies donate because they want to. It feels good to give.

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  • by Sandman on November 10th, 2009

    Sandman

    Depend upon it.

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  • by ANONYMOUS on November 10th, 2009

    ANONYMOUS

    I would give more because I'd have more to give. I don't consider the tax deduction at all when I give. I am sure there are some people who do but I'm not in their income category.
    I give because I want to.
    +5

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