Question: Between 1981 and 1990 there was a general reduction in income tax rates, and the maximum marginal income tax rate declined from 70 percent to
Between 1981 and 1990 there was a general reduction in income tax rates, and the
maximum marginal income tax rate declined from 70 percent to 28 percent. What was the effect on charitable giving by
(a) high-income individuals, who generally take a deduction for charitable contributions as part of their itemized deductions, and
(b) by those lower- and middle-income individuals who take the standard deduction?
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