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Happy Birthday! The Charitable Deduction Turns 100

ASU Lodestar Center

On June 28, 1914, political assassins killed Austria’s archduke and his wife, leading to the Austro-Hungarian invasion of Serbia and the beginnings of war across Europe. The resolution opens with the observation that the deduction “is one of the oldest preferences in tax law.” On October 3, to raise money for the war, the U.S.

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