Charitable Contributions: The Itemized Deduction Cap and Other FY2011 Budget Options
Description:
The Administration's 2010 and 2011 budget outlines contain a proposal to cap the value of itemized deductions at 28%, for high-income taxpayers. In the 2010 proposal, the expected revenue was dedicated to addressing health care issues; as other sources are expected to finance health care, the proposal is now part of the increased taxes on upper-income taxpayers. This report contains information on the comparisons to past tax changes, estimated effects on aggregate charitable giving, effects by …
more
Date:
March 18, 2010
Creator:
Gravelle, Jane G. & Marples, Donald J.
Partner:
UNT Libraries Government Documents Department