Sources

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The Economic Case Against Tax Deductions

 

http://www.businessweek.com/articles/2013-04-14/the-economic-case-against-tax-deductions

 

In 2010, the IRS reports (PDF) that itemized deductions totaled $1.2 trillion dollars—compared with total nationwide adjusted gross incomes of $8.1 trillion. The two biggest sources of deductions were taxes (mostly state, local, and real estate) totaling $445 billion and interest (nearly all on home mortgages) totaling $414 billion. Third on the list were charitable contributions, at $170 billion worth of deductions.

 

http://www.irs.gov/pub/irs-soi/10inalcr.pdf

 

The Market for Charitable Giving by: John A. List

 

Many analysts suggest that if the charitable deduction were removed, people would give less to charity—perhaps even by as much as their tax bills would rise (PDF).

 

 

Gives information about charitable donation and how people may respond to the tax increase

 

http://www.philanthropyjournal.org/resources/fundraisinggiving/snap-poll-increases-tax-rates-will-not-greatly-affect-charitable-giving