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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.”
Elizabeth Merritt

Imagine another American Civil War, but this time in every state : NPR - 0 views

www.npr.org/...r-but-this-time-in-every-state

civil unrest civil war political trends

shared by Elizabeth Merritt on 11 Jan 22 - No Cached
  • "We already are seeing 'border war' with individual states passing major legislation that differs considerably from that in other places," says Darrell West, director of governance studies at the Brookings Institution, and William Gale, a Brookings senior fellow in economic studies,
  • When and if the issue turns to violent confrontations between local citizens and federal officers, or between contentious groups of citizens, the clash might well take place far closer to home
  • America has an extraordinary number of guns and private militias," they write. How many? They cite the National Shooting Sports Foundation's estimate of 434 million firearms in civilian possession in the U.S. right now. That would be 1.3 guns per person.
  • ...2 more annotations...
  • But the most meaningful geographic separation in our society is no longer as tidy as North and South, or East and West. It is the familiar divide between urban and rural, or to update that a bit: metro versus non-metro.
  • for now we're less a nation divided into 50 states than we are two nations that are both present in each of those states.
Elizabeth Merritt

What the research says about 4-day school weeks - MindShift - 0 views

www.kqed.org/...-says-about-4-day-school-weeks

Future of Education K-12 4 day school week legislation

shared by Elizabeth Merritt on 29 Aug 22 - No Cached
  • (City students were excluded from the analysis because no city schools had adopted four-day weeks. Only rural, small town and suburban students were included.)
  • The switch seemed to hurt reading achievement more than math achievement.
  • Rural schools accounted for seven out of 10 schools on the four-day schedule in this study.
  • ...8 more annotations...
  • Rural four-day students generally learned as much as rural five-day day students. Statistically, both groups’ test scores rose by about the same amount every year.
  • small town and suburban students who switched to four-day weeks were far worse off than other students in the state
  • One possible explanation, Morton says, is sports. Many rural athletes and young student fans leave school early on Fridays or skip school altogether because of the great distances to travel to away games. In effect, many five-day students are only getting four-days of instruction in rural America.
  • The four-day work week is an attractive work perk in rural America that may lure better teachers.
  • By this theory, four-day schools may make it easier to hire better teachers, who could accomplish in four days what a less skilled teacher accomplishes in five days.
  • five-day weeks have their own drawbacks in rural America: hidden absences, skipped lessons and lower quality teachers.
  • Hispanic students, who accounted for one out of every six rural students in this study, suffered much more from four-day weeks than white students did. (Native American students, who made up one of every 10 rural students, did relatively better with the four-day week.)
  • biggest surprise to me in this review of the research is how tiny the cost savings are: 1 to 2 percent.  It does save some money not to run the heat or buses one day a week, but the largest expenses, teacher salaries, stay the same.
Elizabeth Merritt

Corporate Board Diversity Increased in 2021. Some Ask What Took So Long. - The New York Times - 0 views

www.nytimes.com/...corporate-board-diversity.html

board of trustees diversity Facing Change

shared by Elizabeth Merritt on 03 Jan 22 - No Cached
  • California, where many companies are based, passed laws that require greater diversity on corporate boards — and these appear to have had an impact. One, passed in 2018, requires boards of public companies with their principal executive office in the state to have at least two female directors, and the other, passed in 2020, says boards must have one or more directors from an “underrepresented community,” which includes people of several races and ethnic groups and people who identify as gay, lesbian, bisexual or transgender. Other states have introduced legislation that would require boards to have a certain number of women.
Elizabeth Merritt

Can New York's imminent salary transparency law pierce the art world's smokescreen? - 0 views

www.theartnewspaper.com/...pierces-art-worlds-smokescreen

salary transparency legislation salary history

shared by Elizabeth Merritt on 17 Mar 22 - No Cached
  • Wage transparency laws are a trend in the liberal states of the US. Seven states have now passed laws requiring employers to list salary ranges in job postings.
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