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Originally Posted by DaHoss9698
Like Bob, I don't see people not giving because of the lack of deduction. We'll see. I understand what you are saying, and it makes sense. But I guess the human in me is hoping that people are donating because they want to and not for the deduction.
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It is simple economics. Eliminate a % of tax incentive, eliminate a % of revenue to charity. That is how it works. If you make less money, you spend less money. Same concept.
The issues not only is the negative effect on charity, what troubles me is the reasoning given. To make it "fair" to lower income givers? Has ANYONE ever given to charity and felt ripped off because someone else may have given more and gets a tax benefit from it?