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Cartoon – Bedside Manner

November 14, 2022 Antarctica Journal

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Chilling Details

Taxpayers reporting less than $50,000 in income provide 19 percent of the money given to charity, but receive only 5 percent of the tax write-offs for donations, according to the Congressional Budget Office. About 70 percent of Americans do not have enough deductions to itemize on their returns, so the vast majority of charitable deductions go to the wealthy.

The Washington Post

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