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But donate big time to charities but who is paying for the deductions they get from the federal government for doing so.
Hi I'm not sure about -- willow -- but anyway and editorial piece from the Washington Post says -- quote.
The total charitable deduction will amounted to 1130 billion dollars between 2010 and 2014.
Last year Congressional Budget Office show that taxpayers making less than 50000 a year contributed less than a -- to charitable donations joining us now.
Ken Berger president and CEO all the Charity Navigator is the point can.
This guy in the Washington Post Fred higher.
He says that charitable donations the deduction for -- when nations on fat.
Because the rich do it all the time is just not fat and the rest of -- have to make up the debt.
Which is left by these deductions and you -- walked.
I think he's got it completely upside down.
The wealthiest Americans give two thirds or more -- charitable gifts each year it's hundreds of billions of dollars that are involved it's critical to the -- sector.
And to mess with that is I think the height of madness okay suppose you restrict the deduction for charitable giving all eliminated what happens to charity stuff.
The last two days of the year 20% of all terrible gifts are made so what does that tell you people are.
Pretty much letting you know that charitable deduction is a critical part of their decision making so to take that away or to reduce that.
I think is really could have disastrous consequences and it's at the same time to charities are already.
Being asked to do more with the needs that are out there of the unemployed.
Veterans groups and others it's it's it's.
-- can I can I make an average discount I think that this administration is at war with any.
Competitor to what the government does this administration sees private charities as a competitor to what the government the federal government provides in charitable services think they also are doing that -- education by the way.
Any profit sector in education is a competitor to what the government does is there any truth to that you think we.
I mean the the decision to give a charitable gift is driven by helping the community directly when when it goes through government we see I mean we see every day the inefficiency of that.
That the charity's mission starts to drift towards what the government wants rather than the community wants what rather than what the mission of the -- -- more efficient private charities more efficient.
But -- visible basic point when the government -- -- of course charitable -- is essentially it's distributing money if he's buying votes -- went up private party does good -- -- vote buying very August just an efficient delivery of service around like crazy well I mean I think added to that is that many of these charities do rely upon.
Local state and federal money for some of their programs they're already getting major cut in all of that to begin.
And so then you add to that this yeah.
Isn't it's upside down and backwards that we the White House and congress are going after the generous guys like David Stewart who give money we get the production instead about the front and the IRS rubber stamps all sorts of crooked bad nonprofits that -- -- 3.4 trillion in assets.
That's a way to do it is taxed that bad guys get the bad guys out of -- of that's a way to raise money not going after the generous guys -- -- -- -- there are a lot of roared yes in the non profits yes the FBI the -- stupidly arresting.
-- address that there is that there is a big big problem and I think it's often.
Under emphasized because there's -- fear of the backlash but the reality is we see a lot.
Corruption and that there needs to be more monitoring and -- The government should be doing what the taxpayers pay to do instead of you and assembling call yourself a nonprofit affiliate higher -- chasing after you.
That's what's corrupt that's what's very easy to become a non profit there's not that much monitoring to to get in you know so.
There really is some problem in the whole way that is crackdown on that -- on the deduction those Lewis agreed can both appreciate you coming by thank you much of these.
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