Browsing by Subject "Tax Policy"

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    Impact of The Obama Administration’s Proposed Tax Policy Changes on Itemized Charitable Giving
    (2011-10) Rooney, Patrick; Osili, Una; Bhakta, Reema; Raghavan, Sindhu; Davis Kalugyer, Adriene; Hyatte, Cynthia
    As the United States addresses economic challenges following a deep recession, both President Obama and Congress are considering new tax policies to stimulate economic growth and reduce the federal government’s budget deficit. These measures will impact a wide array of individual economic decisions, including individual decisions regarding what households do with disposable income. One such area where changes in federal tax policy can have a substantial influence on individual decisions is the choice of an individual or household to engage in charitable giving.
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    Tax Policy and Charitable Giving Results
    (2017-05-18) Rooney, Patrick; Osili, Una; Kou, Xianon; Zarins, Sasha; Bergdoll, Jonathan
    This study used the Philanthropy Panel Study (PPS), which is the only panel study of philanthropy in America, and data from the Panel Study of Income Dynamics (PSID), which is the largest and longest running panel study in the world. The PSID has a rich array of data for over 9,000 households, including, income, wealth, marital status, existence and number of children, etc. We know from prior research that these variables play an important role in explaining and predicting giving patterns, and they are not all available in other datasets used for this type of research. Using this data, Indiana University’s estimates suggest that it is important to consider where tax payers are responsive to changes in charitable giving incentives. However, because there is still significant debate with regards to the responsiveness of charitable giving to changes in tax policy (see pages 11-15 for a discussion on tax-price elasticity of charitable giving), analyses of each proposal were also conducted using the commonly used elasticities: less responsive, -0.5 & moderately responsive, -1.0.