Page 27 - July 2019 Conference Program Volume 42 No. 01
P. 27
According to the study, a nonrefundable 25%
charitable giving tax credit to non-itemizers would
have the biggest positive effect on both the
amount donated ($37 billion) and the number of
donor households (10.6 million) of the five policy
options analyzed, but would cost the U.S. Treasury
$33 billion in lost revenue.
Extending the charitable deduction to non-
itemizers could generate up to $26 billion in
additional donations and induce up to 7.3 million
additional households to donate in 2021, the study
found. This would reduce Treasury revenue by up
to $22 billion.
Researchers estimated that the non-itemizer
deduction with a modified 1% floor would also For more than a century Tiffin Scenic Studios has
have the largest net effect on charitable giving been designing and manufacturing the safest
dollars compared with the cost to the Treasury, equipment in the business, ensuring that you
bringing in up to $7 billion more than would be lost can depend on our rigging and drapery for
in Treasury revenue. But it would also bring in the years to come. With our sister company, Athletic
fewest donor households. Performance Rigging, we can collaborate with
The non-itemizer deduction with a $4,000/$8,000 you to accomplish even your most complex goals.
cap has the largest potential effect on donors per
dollar cost to the Treasury, according to the study. 800.445.1546
This policy would bring in up to 352 new donor www.tiffinscenic.com
households per $1 million lost in Treasury revenue. 146 Riverside Drive
It is the only proposal that would generate fewer Tiffin, Ohio 44883
additional charitable dollars than would be lost as
a result of tax overhaul.
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43rd National Conference & Theatre Tour July 2019 INLEAGUE | PAGE 25