How to Make the Charitable Tax Policy More Equitable

The primary role of any tax regime is to fund government expenditure. Besides funding the government, tax laws can encourage citizens to engage in essential activities. For instance, they can incentivize funding for personal retirement accounts and charity. These incentives keep on fluctuating depending on the administration in place. The charitable tax deduction is one of the tax policies that was introduced to incentivize charitable giving. Charitable giving is help offered to nonprofit organizations. Some works done by these organizations include feeding and sheltering the less fortunate.

This deduction brings many…

Chart Westcott

Chart Westcott is Co-Founder and COO at Ikarian Capital, LLC a long/short equity biotech focused investment adviser. Read more at http://chartwestcott.net.

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store