Happy Birthday! The Charitable Deduction Turns 100
ASU Lodestar Center
OCTOBER 3, 2017
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. I tell my students that the deduction is a “tool of government”: the federal government gives us financial incentives to spend our money in certain productive ways.
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