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Institution of Purely Public Charity Property Tax Exemption Co Ramsey Mn Form

Institution of Purely Public Charity Property Tax Exemption Co Ramsey Mn Form

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[Music] it's a real pleasure for me to be here and not just because I am otherwise in Boston which is not quite as pleasing as LA this time of year we haven't been paying sufficient attention to how we shape those rules so that they produce the results that we want the rules that are best for society when we say it comes from the private sector and from donations from individuals primarily but also from corporations what we have to realize is that we also have a silent partner in each of those donations and that is the federal and in some cases the state government which provides tax benefits for these charitable gifts if you do not itemize your deductions if you take what's called the standard deduction then you get no tax benefit at all for your charitable gift 70% of Americans when I mean currently I mean pre 2017 Act 70% of Americans took the standard deduction and therefore got no tax benefits of their charitable gift Congress created tax benefits for chari

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