A new survey by the organization Independent Sector (IS) revealed that 75% of Americans are in favor of wider charitable deduction coverage, specifically expanding it to taxpayers who do not currently itemize their taxes, or those in the middle income brackets - the incentive is currently available only to individuals who itemize their taxes, or those in the higher income tiers.
Of the 800 individuals polled, 41% approved of President Donald J. Trump’s performance since taking office this year, while 49% disapproved.
IS chief strategy officer Jeffrey Moore said in a NonProfit Times report that his organization undertook the survey as the Trump administration tackles tax reforms in the legislature.
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“If you think about the policy-making community, there are those who are going to pay deep attention to econometric modelling around these kinds of options and there are those for whom that kind of data is important, but they actually want to understand how the question plays politically,” he told the publication.
Allison Grayson, IS director of policy development and analysis, also explained: “We are specifically looking at how proposals around tax reform will impact charitable giving broadly.”
One question that could arise, she said, is how an increased standard deduction, coupled with a larger base of non-itemizers, could affect giving in the country.
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