|What does charitable mean?|
By Robert Reich
IT’S CHARITY TIME, and not just because the holiday season reminds us to be charitable. As the tax year draws to a close, the charitable tax deduction beckons.
America’s wealthy are its largest beneficiaries. According to the Congressional Budget Office, $33 billion of last year’s $39 billion in total charitable deductions went to the richest 20% of Americans, of whom the richest 1% reaped the lion’s share.The generosity of the super-rich is sometimes proffered as evidence they’re contributing
|Monday, December 23, 2013 11:56 AM|