To give, or not to give, that is the question

A Republican friend commented: I think reducing the tax deductions on charitable giving is a bad idea. The top 1% give 50% of the charitable gifts in the US. I think this would have a terrible impact on universities, city missions, and churches.

Here's what I think: Well, first of all the 1% would still get a tax deduction, just not a large as before. Secondly, if I (we) as middle class Americans have to make adjustments to stretch our dollar, why shouldn't the 1%? I give to charities and churches every year, regardless to economy, (assuming one is employed and able to give). I don't base my giving on what I can write-off, or get back, that is just an added perk. The 1% should be just fine
with their continued giving, while still receiving a tax break, again just not as big as before. This is all to do about nothing. If the 1% only base their giving on the ability to reduce their taxable income, then their heart is in the wrong place to begin with. God's law of sowing and reaping trumps the IRS. A tithe is based on 10% of your income, not a % of your tax write-off.

Left of Center