Thursday, March 11, 2010

Editorials | Rethink capping itemized charitable deductions | Seattle Times Newspaper

Editorials | Rethink capping itemized charitable deductions | Seattle Times Newspaper: "he center's estimate is a 4.8-percent reduction in charitable donations. That is 4.8 percent of a very large number, or a $3.87 billion reduction in itemized giving by affected households.

That sum equals the combined budgets of very large charitable agencies, amounts of money unlikely to be made up in supplemental government spending."

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