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Tax Prices and Charitable Giving: Projected Changes in Donations Under the 2017 TCJA / Jonathan Meer, Benjamin A. Priday.
- Format:
- Book
- Author/Creator:
- Meer, Jonathan.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w26452.
- NBER working paper series no. w26452
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Other Title:
- Tax Prices and Charitable Giving
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2019.
- Summary:
- We estimate the tax price elasticity of charitable giving using newly-available data from the Panel Study of Income Dynamics spanning 2001-2017. We find that households that always itemize are less sensitive to changes in the tax treatment of donations than house-holds that switch itemizing status. We apply these results to the provisions of the Tax Cut and Jobs Act of 2017, taking into account the marginal propensity to donate from the increase in disposable income expected for most households, and predict significant reductions in charitable giving.
- Notes:
- Print version record
- November 2019.
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