Assume that Congress amended the tax law to limit the itemized deduction for charitable contributions to 5

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Assume that Congress amended the tax law to limit the itemized deduction for charitable contributions to 5 percent (rather than 50 percent) of AGI. Discuss the incidence of the tax increase represented by this expansion of the tax base.

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Principles Of Taxation For Business And Investment Planning 2016 Edition

ISBN: 9781259549250

19th Edition

Authors: Sally Jones, Shelley Rhoades Catanach

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Question Posted: Nov 03, 2015 05:44 AM

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Assume that Congress amended the tax law to limit the itemized deduction for charitable contributions to 5

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This change in the tax law would increase the aftertax cost of charitable contributions ...View the full answer

Principles Of Taxation For Business And Investment Planning 2016 Edition

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