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Tanuki

(14,918 posts)
Tue Jul 9, 2019, 06:06 PM Jul 2019

MF45's tax plan caused $54 billion drop in charitable giving.

https://start.att.net/news/read/category/news/article/newsweek-trump_tax_plan_leads_to_54_billion_decline_in_char-rnewsweek

"As the president works to limit access to welfare programs in the United States by creating strict work requirements, lowering the poverty thresholding and purging food stamp rolls, Americans living below the poverty line may also find it harder to depend on private charity for help.

New data shows that Americans itemized $54 billion less in charitable donations this year, after the enactment of the Republican tax plan, the Tax Cuts and Jobs Act. At the time of the bill's signing, some economists predicted there would be a significant drop in donations, but not to this extent.

"The amount is just jaw-dropping," Michel Nilsen, vice president of communications and public policy at the Association of Fundraising Professionals, told MarketWatch. "This is a really significant drop. This to me is a sign that giving was hurt.".....(more)

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MF45's tax plan caused $54 billion drop in charitable giving. (Original Post) Tanuki Jul 2019 OP
Well, everyone knows the tax cuts didn't do shit thegoose Jul 2019 #1
Ha! That is ONE thing Trump's tax scandal did NOT get me on DFW Jul 2019 #2
 

thegoose

(3,115 posts)
1. Well, everyone knows the tax cuts didn't do shit
Tue Jul 9, 2019, 06:12 PM
Jul 2019

I certainly didn't feel anything. They were strictly for the rich. I'd like to know where all of this so-called fucking job growth is. At McDonald's?

The middle class is almost gone and the poor will become indentured servants, just like the good old days the bloated orange piece of shit keeps shrieking about while waving his miniscule hands.

As an added bonus, economic collapse and inflation coming soon!

DFW

(54,372 posts)
2. Ha! That is ONE thing Trump's tax scandal did NOT get me on
Tue Jul 9, 2019, 06:36 PM
Jul 2019

I pay most of my taxes in Germany, and they still have unlimited charitable deductions. At 50% tax rate, we need it, too

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