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Title : "Charities fear tax bill could turn philanthropy into a pursuit only for the rich."
link : "Charities fear tax bill could turn philanthropy into a pursuit only for the rich."

"Charities fear tax bill could turn philanthropy into a pursuit only for the rich."

WaPo writes.

You see what the problem is: Many people who have been itemizing deductions are going to switch to the new standard deduction and so their charitable contributions won't reduce their federal tax.

Is that terrible? But isn't it sort of a scam that we as a group are subsidizing whatever charities various taxpayers happen to like?

WaPo says there will be "new winners and losers" among the charities:

Nonprofits have long noticed that the wealthy are more likely to cut big checks to support museums and universities, while smaller donors tend to give to social-service agencies and religious organizations. Charities fear that this shift could change how the public views donating and alter the priorities of nonprofits.

I think religious people will contribute the same to their churches and other organizations. They won't be paying more tax than before. They'll just pay the same whether they give or not, because the erstwhile deduction is less than the standard deduction. They're not penalized. They might conceivably become stingier because they realize that their contribution isn't getting subsidized by other people.

It will help non-tax-exempt organizations, won't it? If you don't expect to itemize deductions, you can give that extra $100 to whatever organization you like. Give without worrying about what the government deems charitable.

Thus articles "Charities fear tax bill could turn philanthropy into a pursuit only for the rich."

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