A proposed change to federal income tax laws would eliminate deductions from taxable income for donations a taxpayer has made to charitable and educational institutions. If this change were adopted, wealthy individuals would no longer be permitted such deductions. Therefore, many charitable and educational institutions would have to reduce services, and some would have to close their doors.
Understanding the argument -
A proposed change would eliminate deductions from taxable income.
If this change were adopted, wealthy individuals would no longer be permitted such deductions. (Do not jump to say that this means wealthy individuals do not contribute - that is an assumption that is not stated. What is stated is that they are not permitted. The assumption is if someone is not permitted, they don't do it in light of the conclusion here)
Conclusion - many charitable and educational institutions would have to reduce services, and some would have to close their doors.
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Understanding the argument -
A proposed change would eliminate deductions from taxable income.
If this change were adopted, wealthy individuals would no longer be permitted such deductions. (Do not jump to say that this means wealthy individuals do not contribute - that is an assumption that is not stated. What is stated is that they are not permitted. The assumption is if someone is not permitted, they don't do it in light of the conclusion here)
Conclusion - many charitable and educational institutions would have to reduce services, and some would have to close their doors.
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...
Statistics : Posted by RD109 • on 19 May 2008, 14:35 • Replies 62 • Views 61827
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