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by ars 1492 days ago
The tax break is only around 20% of the donation. Even if the donated money is not spent as perfectly as you would like, there's 5 times as much of it.
3 comments

Exactly. You would have to believe that taxes do 5x more public good per dollar than charities.

With defense spending, pet projects, and incompetence, it is hard to make a case that they are on parity.

Huh? My marginal tax rate is ~45%. I get way more than a 20% benefit from 501c3 donations.

I get to avoid capital gains on the donation of appreciated assets on top of that.

For whom is the benefit only 20%?

Long term capital gains tax is 15%. The vast majority of these are against capital gains, not income.
The tax break for SALT works exactly the same way, no?