oujon Wrote:
Dec 28, 2012 5:53 AM
But don't you agree that while, in theory, there shouldn't be a need for government to offset anything, in reality, offsetting their ridiculous spending with (imaginary) cuts to other programs or higher taxes is exactly what politicians do. And whoever has the least effective lobbyists ends up holding the bag. In this case, the nonprofits spread the fear that without the deduction, their coffers would dry up. And then the taxpayers who donate (and also itemize) chime in. Then those taxpayers who are left, those who do not donate and those who donate but do not itemize, are stuck with a higher overall tax rate. And although the inclusion of the deduction should not mean a higher rate, in reality it usually does.