The Impact of Tax Reform on Charitable Giving: A 1989 Perspective / Charles T. Clotfelter.

Format:

Book

Author/Creator:

Clotfelter, Charles T.

Contributor:

National Bureau of Economic Research.

Series:

Working Paper Series (National Bureau of Economic Research) no. w3273.

NBER working paper series no. w3273

Language:

English

Subjects (All):

Nonprofit organizations--Finance.

Nonprofit organizations.

Physical Description:

1 online resource: illustrations (black and white);

Other Title:

The Impact of Tax Reform on Charitable Giving

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 1990.

Cambridge, Massachusetts : National Bureau of Economic Research, 1990.

Summary:

The purpose of this paper is to examine the predicted effects of tax reform in the 1980s (the tax acts of 1981 and 1986) on charitable contributions by individuals and to compare them to the actual and apparent effects, viewed from the perspective of 1989. The paper discusses what the economic models can and cannot be expected to do. Then, using published data from tax returns, the paper compares actual and predicted changes in giving as a result of both of the major tax reform acts. The paper concludes that the changes in contributions are quite consistent with the economic model of giving. As a result of these tax changes, average giving in high income classes declined. These results imply that tax policy should continue to be considered one important determinant of the level of individual charitable contributions.

Notes:

Print version record

March 1990.