THE IMPACT OF TAX PRICE CHANGES ON CHARITABLE CONTRIBUTIONS TO THE NEEDY.
Eliminating or reducing the federal charitable deduction can have serious impacts on the level of charitable donations. Tax price elasticity estimates from a multivariate sample selection model indicate that changing the deduction to a 12% tax credit would have reduced individual donations in 2012 b...
| Publicado en: | Contemporary Economic Policy Vol. 35; no. 1; pp. 113 - 125 |
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| Autores principales: | , |
| Formato: | Artículo |
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Wiley-Blackwell
Jan2017
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=119575713&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 119575713 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 10743529 CEY jtl: Contemporary Economic Policy issn: 10743529 maglogo: Y pubinfo: dt: Jan2017 vid: 35 iid: 1 pid: 480 pub: Wiley-Blackwell artinfo: ui: 119575713 10.1111/coep.12177 ppf: 113 ppct: 12 formats: fmt: – @attributes: type: T – @attributes: type: P size: 181KB tig: atl: THE IMPACT OF TAX PRICE CHANGES ON CHARITABLE CONTRIBUTIONS TO THE NEEDY. aug: au: Zampelli, Ernest M. Yen, Steven T. affil: Professor, School of Business and Economics, The Catholic University of America, Washington DC, 20064 Senior Economist, STY Health Econometrics, Knoxville TN, 37931 su: United States Fiscal policy Taxation Charitable giving Foreign exchange rates Tax rates sug: subj: Fiscal policy Taxation United States Public Finance Activities Charitable giving Foreign exchange rates Tax rates ab: Eliminating or reducing the federal charitable deduction can have serious impacts on the level of charitable donations. Tax price elasticity estimates from a multivariate sample selection model indicate that changing the deduction to a 12% tax credit would have reduced individual donations in 2012 by 18.9% if applied to itemizing taxpayers and by 10.5% if extended to nonitemizers. Elimination of the deduction would have led to a 35% reduction in individual charitable donations. Even if coupled with cuts in marginal tax rates, eliminating the charitable deduction will still likely result in substantial reductions given the inelastic income elasticities of charitable donations. The estimates justify the ardent opposition of many in the nonprofit sector to the more radical proposals for changing the tax treatment of charitable contributions. ( JEL D34, C34) pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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