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Ruth Cuadra

The Urban Reordering: Can the United States Make it Stick? - 0 views

www.planetizen.com/68360

CAMLF urban suburbs economy housing deductions

shared by Ruth Cuadra on 21 Apr 14 - No Cached
  • Ruth Cuadra on 21 Apr 14
     
    The repopulating of urban areas is certainly a trend that will affect museums.  But do you agree that the government should end the mortgage interest deduction because focus is shifting from suburbs to cities?  Don't people who buy condos in cities benefit from the same deduction as those buying houses in the suburbs?
Elizabeth Merritt

Biden 'Billionaire' Tax Proposal Could Spur Changes in How the Wealthiest Give - 0 views

www.philanthropy.com/...ges-in-how-the-wealthiest-give

philanthropy tax legislation

shared by Elizabeth Merritt on 07 Apr 22 - No Cached
  • The change also could trigger a short-term burst of giving by donors who benefit from today’s tax rules and want to take advantage of them before the changes take effect
  • Another way the proposal could spur more giving is that is that some wealthy people might want to give enough away to stay under the $100 million annual threshold,
  • people would be less likely to hold on to their assets if they have to pay taxes every year on the increase in value.
  • ...4 more annotations...
  • he wealthiest people often have extremely complicated, long-standing financial arrangements, including philanthropic planning that could negate any benefits for donating more under a billionaire’s tax.
  • Owens also noted that current tax law caps charitable deductions at 60 percent of adjusted gross income. If that provision remains in effect, wealthy people who hit that cap even before a billionaire tax is imposed may see no tax benefit from additional giving,
  • Economists who study taxes on the ultra wealthy say they think people overestimate the impact of new taxes on charitable giving.
  • “Sometimes people get the false impression that philanthropy actually is a roundabout way to save money on taxes that exceeds the cost of the gift, and that just isn’t true,” says Duquette. “If you give your money away, then even if you do get some tax benefits, you still have less wealth than you did when you started, so that’s not really a reason why philanthropists do philanthropy.”
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