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Tax Policy and Giving
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Browsing Tax Policy and Giving by Author "Osili, Una"
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Item Charitable Giving and Tax Incentives(2019-06-03) Osili, Una; Rooney, Patrick; Zarins, SashaOver $400 billion were donated to nonprofits in 2017, a record high. However, despite the increases in charitable dollars, the share of households that donate has been declining: in 2000, 67 percent of American households donated to nonprofits, but in 2014, only 56 percent of American households donated. This trend in decreasing donors pre-dates the passage of the 2017 Tax Cuts and Jobs Act (TCJA), but could be accelerated by the recent policy changes. TCJA significantly changed federal tax policy and these changes are expected to affect charitable giving [3-5]. Nonprofit leaders, as well as policymakers, have been exploring additional policy proposals to offset the potential negative impact on charitable giving.Item Impact of The Obama Administration’s Proposed Tax Policy Changes on Itemized Charitable Giving(2011-10) Rooney, Patrick; Osili, Una; Bhakta, Reema; Raghavan, Sindhu; Davis Kalugyer, Adriene; Hyatte, CynthiaAs the United States addresses economic challenges following a deep recession, both President Obama and Congress are considering new tax policies to stimulate economic growth and reduce the federal government’s budget deficit. These measures will impact a wide array of individual economic decisions, including individual decisions regarding what households do with disposable income. One such area where changes in federal tax policy can have a substantial influence on individual decisions is the choice of an individual or household to engage in charitable giving.Item Tax Policy and Charitable Giving Results(2017-05-18) Rooney, Patrick; Osili, Una; Kou, Xianon; Zarins, Sasha; Bergdoll, JonathanThis study used the Philanthropy Panel Study (PPS), which is the only panel study of philanthropy in America, and data from the Panel Study of Income Dynamics (PSID), which is the largest and longest running panel study in the world. The PSID has a rich array of data for over 9,000 households, including, income, wealth, marital status, existence and number of children, etc. We know from prior research that these variables play an important role in explaining and predicting giving patterns, and they are not all available in other datasets used for this type of research. Using this data, Indiana University’s estimates suggest that it is important to consider where tax payers are responsive to changes in charitable giving incentives. However, because there is still significant debate with regards to the responsiveness of charitable giving to changes in tax policy (see pages 11-15 for a discussion on tax-price elasticity of charitable giving), analyses of each proposal were also conducted using the commonly used elasticities: less responsive, -0.5 & moderately responsive, -1.0.