Browsing by Subject "tax policy"
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ItemCharitable Giving and Tax Incentives(2019-06-03) Osili, Una; Rooney, Patrick; Zarins, SashaOver $400 billion were donated to nonprofits in 2017, a record high. However, despite the increases in charitable dollars, the share of households that donate has been declining: in 2000, 67 percent of American households donated to nonprofits, but in 2014, only 56 percent of American households donated. This trend in decreasing donors pre-dates the passage of the 2017 Tax Cuts and Jobs Act (TCJA), but could be accelerated by the recent policy changes. TCJA significantly changed federal tax policy and these changes are expected to affect charitable giving [3-5]. Nonprofit leaders, as well as policymakers, have been exploring additional policy proposals to offset the potential negative impact on charitable giving. ItemGiving in Puerto Rico(2016-09-14) Osili, Una; Ackerman, Jacqueline; Bergdoll, Jonathan; Garcia, Silvia; Li, Yannan; Kane, Addison; Roll, AbeGiving in Puerto Rico is the first study of its kind to examine the charitable giving patterns, priorities, and attitudes of Puerto Rican households. This report presents details on the Puerto Rican households that give to charity, why they give, what causes they are supporting, and how much they are giving. In addition, this report includes information about Puerto Ricans’ knowledge of the nonprofit sector, informal and formal giving behaviors, volunteering trends, and barriers to giving. Results regarding the impact of tax policy on Puerto Ricans’ charitable giving are also provided. ItemIncentivizing Parental Support for College Tuition through the Tax Code(2013) Ryznar, MargaretUniversity tuition costs continue to increase, while education continues to be important. Efforts to alleviate this problem must be undertaken carefully as to not simply aggravate the problem. To this end, this Article proposes that parental contribution towards university tuition be treated more favorably by the tax code, and in particular, be treated as tax deductible. Universities already expect parental contributions as part of a child’s financial aid package, and this proposed tax deduction may help fulfill that expectation. Furthermore, this proposed deduction would spare students some reliance on the loan system, including the risk of default. This proposed deduction, finally, may be structured in a cost-neutral way. Specifically, the funds used for this deduction would be the taxpayer funds saved from the decrease in loan defaults and loan interest subsidies, which currently cost tens of billions of tax dollars.