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.
Despite facing numerous segregation-era challenges as a young man in the American south, Hank Aaron was driven to achieve greatness, ultimately rising to fame as Major League Baseball star. Eventually topping Babe Ruth to take the home run record in 1974, Aaron was inducted into the sport’s hall of fame less than a decade later.
Through it all, Aaron remained cognizant of the need many youngsters still had for someone to offer assistance and a hand up as they scaled the ladder of success, launching the Hank Aaron Chasing the Dream Foundation with his wife in 1994. …
by Chart Westcott | Feb 23, 2021 | Blog, Chart Westcott, Donation, Giving, Philanthropy, Uncategorized
Donating is one way of giving back to your community. It is an act of compassion that helps a business to build goodwill and benefit the community. Charitable donations may also be a source of stress, and it might come with so many difficulties. Here are some of the things a small business should know about donating.
1. Donating Comes With Benefits
Donating connects you with the community. Most people like shopping in a business that cares for them and is not just after the profits. …
In the reality of significant climate change and advancing demand for energy, contemporary clean technologies have earned unmatched popularity. Such are the nuclear power options and energy storage technologies. Despite the innovations having an unmatched potential, there is a need for significant developments, which require ample capital to actualize.
Preliminary funding stages for Clean Tech have not been captious, a factor that has led to delayed growth of related companies. Clean Tech organizations suffer from the deficiency of starting power. …
Over the past few decades, the world has undergone an explosive technological revolution. The world is now far more fast-paced and full of potential than it has been before. The internet allows people to connect to each other and absorb information at lightning speeds. And technology has led to efficiency improvements that have changed the entire office world.
Chances are, your office uses some technology. Gone are the days when people could sort filing cabinets by hand and keep all their data on paper. But there are reasons that businesses should consider investing in more advanced tech.
Whether you’re a…
Philanthropies are used to planning for the future as a vital part of their success, so the uncertain times brought on by COVID-19 are especially challenging. The Monitor Institute of Deloitte talked with upwards of 75 leaders in the social sector to see how they are responding to the COVID-19 crisis. While many have already incorporated their emergency response measures, they don’t know what steps to take next. There seem to be two extreme sides.
Some philanthropists act like it’s 1918 all over again, viewing COVID-19 much like they did the Spanish Flu that lasted two years and took more…
In today’s polarized day-and-age, shaping policy may seem like a futile, uphill battle. However, it is during times like these that reshaping policy is more important than ever before. Challenging times is no excuse for simply giving up — tenacity and persistence is more important than ever. How does shaping policy look like in times of uncertainty? When dealing with vast communities with varied interests, presenting a coherent, direct message about the exact problem to solve goes a long way for rallying people together.
Additionally, assembling colleagues who have a similar vision into a core team is critical for bringing…
Aaron Burr is an infamous historical figure thanks in part to the duel he participated in that ended the life of Alexander Hamilton. Burr, though, is much more than just a duelist. He was also the third vice president of the United States and, as well as a soldier and a lawyer. Aaron Burr’s story is much more interesting than just a single, notorious event.
Born in New Jersey in the 1750s, Burr and his sister were raised by their uncle after their parents’ death. Burr started attending the College of New Jersey, now Princeton University, at the age of…
It is often said that today’s youth are tomorrow’s leaders, which is why it is essential for the youngest generation to become educated and rehearsed in the practice of politics. While 18 is the legal age at which someone can vote, that does not mean that children have to wait until then to become interested and enlightened in today’s political affairs. The importance of getting the youth involved in politics is tenfold to how it can be approached.
Before casting a vote, it is vital to educate oneself on each candidate, and know their stance on important issues that we…
Isolation takes its toll on the human psyche. Many people have been living with social distancing for months on end, and they may feel lonely or touch-starved. It’s hard not to see your friends or go to events or even eat at a restaurant. With so many people spending their time indoors, technology has begun rapidly evolving new “virtual spaces” for social hangouts.
In virtual worlds, people create player characters who interact with an online three-dimensional space, where they can see and talk to their friends in real-time. …
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.
