taxes

In case you thought income inequality wasn’t bad enough, the 2008 recession made it worse. September Census Bureau stats for 2008 household income show a decline in incomes across the board, but less of a decline for those in higher brackets.

The idea that charitable foundations should be required to hire more minority employees, was regrettably framed as a "threat" to philanthropy in an article in The Economist a few weeks ago.

President Obama's new budget proposals would limit itemized tax deductions to 28% for people who earn more than $250,000. It also calls for reinstating marginal tax rates of 39.6% for the same group. As a result, The Center on Philanthropy at Indiana University projects that overall charitable giving could decrease by 2.1% or $3.9 billion.