Solving 'fiscal cliff' puts charity writeoffs at risk

  • Article by: JEAN HOPFENSPERGER , Star Tribune
  • Updated: December 5, 2012 - 5:24 AM

Alarmed Minnesota nonprofit leaders are in Washington this week, lobbying to preserve the deduction that supports one of the most vibrant nonprofit sectors in the nation.

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luzhishenDec. 4, 1210:12 PM

"Another idea being floated is creating a "floor" on charitable donations, or a minimum donation amount in order to claim the deduction." So Romney gives $1,000 to his church and he gets to take it while a poor widow gives $100 and can't? Wow and double-wow! Another idea from the Grand Old Plutocrats...

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jim2011beamDec. 4, 1210:20 PM

So we don't really want to tax the rich out of existence? Of course not. We want them to give all their money to me, me and me. Quite frankly, every time a rich person donates $10 he gets over $4 back under the Obama plan. That's $4 more I have to pay to make up the loss. So I say, eliminate all deductions and let the rich pay their fair share.

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jhb8426Dec. 4, 1210:26 PM

I guess I'm the odd duck. My charitable giving isn't done for the tax writeoff.

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jodihalvDec. 4, 1210:56 PM

The article is supposed to be about charities and their needs, and yet the author finds a way to introduce class warfare with the following: "The deduction is particularly important for the rich, who benefit disproportionately. The roughly 50,000 Minnesota households with adjusted gross incomes of more than $250,000 claimed 28 percent of the state's charitable deductions in 2010" Please also include the % of state revenue those households generated in the same year. That will complete the data that justifies 'disproportionate'. That or just leave this comment out completely and stick to the concern at hand.

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comment229Dec. 5, 12 4:55 AM

"It (charitable deductions) is being eyeballed for cuts along with the mortgage deduction and the state/local income tax deduction." Ahhhh, the elephant in the room. When are Americans going to insist we stop spending mega bucks on wars, the military, obsolete military bases along eliminating foreign aid, before considering the quoted attacks on middle class Americans?

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comment229Dec. 5, 12 4:58 AM

Further, Romney did NOT get my vote because he would not list out the loopholes he would close. On a talk show, he was goaded into naming one after he got miffed, and said he disliked public broadcasting. That was it. Now, the republican proposal is coming out, with limited information again. How can Americans sit by, and wait for this to all hit congress, without knowing what is going to be cut? In the long run, I suspect middle class Americans will come out the worst.... AGAIN..... It's time to take care of Americans first, the rich and the rest of the world, second.

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comment229Dec. 5, 12 5:00 AM

Finally, I don't trust the republicans or democrats in congress to help middle class Americans one bit. See that cliff up ahead? Press down a little harder on the accelerator. Most of what is in it, makes sense, and is what is needed in this country. What's that? You have something to lose? I don't anymore.

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luzhishenDec. 5, 12 5:48 AM

" Please also include the % of state revenue those households generated in the same year. " - that assumes that they, alone were responsible for the revenue...kind of like looking only at the CEO of Target and ignoring the vast low-wage army involved in the business...

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danjDec. 5, 12 6:04 AM

Always interesting to read about "class warfare" when the topic of wealthy folks and tax write offs is brought up or the potential raising of the tax rates to where they were before more recent tax cuts. Strangely we don't hear that same battle cry about class warfare from the right when discussing the ravages of grinding poverty and the growing gap between the "haves" and "have nots"... When we all do better, we all do better.

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luzhishenDec. 5, 12 6:05 AM

The roughly 50,000 Minnesota households with adjusted gross incomes of more than $250,000 claimed 28 percent of the state's charitable deductions in 2010" The disproportionate amount of deductions could have something to do with the fact that they don't need charity. The class warfare is real, and it's the oligarchs who've been winning while sending our jobs and money overseas.

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