Monday, November 27, 2017

Is It Really Charity?

When you must be paid to do it?

Any number of groups are hating on tax reform. It is only a bit surprising that some vocal hating is coming from "charitable organizations" who otherwise self-profess to do all manner of good things for all manner of people. Just not interested in helping people who pay taxes.

As currently proposed, changes to the tax laws would raise personal exemptions and lower incremental tax rates. Charitable organizations see this as an existential threat as they are convinced that donations come not from recognition of and support for their good works but because their kind of American gladly gives them a dollar to screw the feds out of twenty eight cents. The AJC has the cat far removed from their bag:
Someone with a tax rate that goes as high as 28 percent could give a $100 donation to a charity, but they’d see a $28 drop in taxes with the deduction. Which means that $100 donation ultimately only cost them $72.
What better reason to give? While Habitat for Humanity, a local fave, touts their good works, they fall just short of demanding direct public funding by insisting that the government incentivize taxpayers to divert taxes to H4H:
“Habitat for Humanity has serious concerns about the proposed tax bill’s impact on charitable giving,” Chris Vincent, a vice president for the organization, said in an emailed statement. “Habitat strongly urges Congress to preserve and enhance charitable giving incentives, to preserve the vital work that organizations like Habitat do with low-income families across the country.”
Just because these organizations are not for profit does not mean they are not all about big bucks.