Thursday, September 13, 2007

My faith based tax initiative: Raise taxes, then allow bigger charitable deduction

Raise federal income tax, especially on upper middle class and the wealthy, then allow people to cut their own taxes with deductions for charitable contributions.

Raise the amount allowed for charitable contribution.

This way, taxes could stay low if people are willing to give back to the community.

I think people owe a debt of gratitude for the fabric of the communities they live in; especially well off folks who reap so much benefit.

Maybe they don't trust the government to spend their money wisely so let private nonprofit organizations do it.

This could be a diversified investment in our communities. Some of these non profits may be faith based so that is why I call this idea my "faith based tax hike initiative."

No comments: