Archives for month: September, 2012

Taxes = Charity?

Posted by admin on September 4th, 2012 in Category Charity News (no responses)

Some of the wealthiest Americans have started to contend that paying taxes and making charitable gifts are just about the same thing. Their failure to grasp the profound difference between the two presents a very real problem for nonprofit organizations and our democracy.

Mitt Romney epitomized this thinking last January when he tacked charitable contributions onto his taxes while discussing the percentage of income reported and paid on his 2010 return. He used the same calculus again a few weeks ago while defending his record and his refusal.

Read the full article here.