There is a lot of room for fraud in our so-called “charitable giving”.
I think it’s way past time to establish a maximum deduction for an individual’s “gifts” of cash.
I think there should be no tax-deduction at all allowed for “gifts” of property. How often are the “values” of such property gifts (and the resulting tax-deduction) determined by a friendly “appraiser”, with no regard whatsoever for their original cost or actual market value?
I think that limiting the charity “loophole” would be a REAL way to tax the “idle rich” whom Democrats claim to hate. Let’s test that claim...
You realize who you're really punishing?
Legitimate charities.
Why would you want to do that?