Revenue estimates for four proposals to replace the itemized deduction for charitable contributions with a universal deduction with varying AGI floors (for calendar year 2020).
Distributional estimates in calendar year 2020 for a proposal to replace the itemized deduction for charitable contributions with a deduction available to all taxpayers for contributions above 2 percent of AGI. The tables show how this proposal affects charitable contributions compared to current law and contain the following information: a) Number of tax units with a tax benefit from charitable contributions; b) average benefit from charitable contributions; c) weighted-average marginal tax benefit of giving; and d) implied change in charitable contributions associated with alternative price elasticities for giving.
Distributional estimates for a proposal to replace the itemized deduction for charitable contributions with a deduction available to all taxpayers for contributions above 1.65 percent...
Distributional estimates for a proposal to replace the itemized deduction for charitable contributions with a deduction available to all taxpayers for contributions above 1 percent...
Distributional estimates for a proposal to replace the itemized deduction for charitable contributions with a deduction available to all taxpayers (by ECI percentile).
This chartbook explores the implications of current-law income tax incentives for charitable donations along with several alternatives for tax deductions that are more universally available.
Democratic presidential hopeful Elizabeth Warren has proposed a number of new taxes on high-income households. Add them up and many of the very wealthiest could pay marginal effective tax rates of more than 100 percent.
What happens when policymakers are not just trying to change economic behavior with tax policy? What happens when they're mad at an individual or organization?
