If there were no longer any tax advantages, would people still make charitable d

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   pagesvoiceposted 12 years ago

   If there were no longer any tax advantages, would people still make charitable donations?
   
   I'm certain that middle class Americans would still make contributions to charity because of their children's activities with clubs and organization. However, would the wealthy still act as philanthropists if there we no tax advantages for donating?

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2. 0

   Sooner28posted 12 years ago

   I think the numbers would probably go down, because there would be no way to get the money back.  I'm against raising revenue by lowering charitable deductions.  I think we should keep this part of the system the way it is. 
   
   Considering corporations around the world are systematically destroying our environment, I have no faith that they would continue to donate at current levels if there is no tax incentive.  It's all about PR.  Make your charitable contribution from .5% of your profits, and since your profits are so huge it looks like you are being generous. 
   
   The whole system needs to be restructured, and this does not include lowering the tax burden of corporations and raising the tax burden of middle and lower class Americans by "eliminating deductions," which are rarely ever specifically laid out.

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3. 88

   bankscottageposted 12 years ago

   Everyone that makes a donation to a charity does not itemize their tax deductions.  In fact, I believe most people don't itemize.  The donations from these people would not change.  For the taxpayers that itemize, if they couldn't deduct their charitable donations, I don't know if thedonations would go down but there could be some changes.
   I itemize and I donate quite a bit each year.  Some of my donations are small and some are relatively large.  if I couldn't itemize, I would at least be more selective in my donations.  While I may not decrease my donations, I doubt I would increase them.

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   genuineaidposted 12 years ago

   If the person is donating from the heart as his/her offering before God, than taxes will never have any impact on their decisions.

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   jordancoxxposted 6 months ago

   The motivation for charitable donations is complex and varies among individuals. While tax advantages can be a significant factor for some wealthy donors, many philanthropists are also driven by a genuine desire to make a positive impact on society, support causes they believe in, or leave a lasting legacy. Therefore, it's likely that some wealthy individuals would still engage in philanthropy even if there were no tax advantages.
   
   However, the absence of tax benefits might affect the overall level of charitable giving, as it could reduce the incentive for some individuals to contribute larger amounts. Tax deductions can effectively lower the cost of donations, making philanthropy more financially appealing. Without these incentives, there might be a decrease in the size of donations from certain individuals says data of https://sassastatusportal.co.za/.
   
   Additionally, the impact on charitable giving could depend on other factors, such as societal norms, cultural values, and personal beliefs. Some people might continue to give generously even without tax advantages, driven by a sense of social responsibility or a desire to address pressing issues.
   
   In summary, while tax advantages play a role in motivating charitable donations, it's likely that a portion of the wealthy would still act as philanthropists for various reasons beyond financial incentives. The overall impact on charitable giving would depend on a combination of individual motivations, societal factors, and cultural values.

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