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Antarctica Journal

The Shadow Proves the Sunshine

May 7, 2022 Antarctica Journal

“The Shadow Proves the Sunshine”

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tagged with quote, shadow, sunshine

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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.

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