More than a hundred years, the tax plan and the benefits to charitable activities were part of the US tax code.
During the race, which took place in 2016, Donald Trump has proposed to abolish this abutment for wealthy taxpayers, but in spite of their past ideas in the final planning for taxes, Trump has flatly refused to put forward proposals.
Either way, the implementation of reforms, capable to cut part of the charitable investment, even if the refusal of benefits on the donations would not be part of a brilliant plan of the Republican reforms.
According to independent analysts, the increase in the classical rate of residues and reducing the top tax rate to the level of 35% (about 40%), would significantly affect the amount of charity, reducing them to $ 13 billion per year.
Here's how a tax credit donation analyzed within the last planning on reforms proposed by Deyv Kemp two years ago: On the basis of current legislation, we can cut back on investments from donations with the help of finance or of the organizations, in the case of a detailed assessment of their spending.
Can deduct half of the gross income in a variety of charitable contributions, but the banknotes can limit 20-30% of your profits.
Lowering the top tax mark indicates that the deduction of contributions will be equal to 35 cents on the dollar (the project), if the rate will fall to 35% (from 40 cents on the dollar) at the current stage. Increasing classical residue taxes entails a high barrier, in order to obtain funds for donation.
The fact that you have to strive to detail its spending, in order to be able to get these tax credits. At the moment, about 30% of people who pay taxes, concretize their profits.
Of course, such figures for charitable purposes, lower than in 2015, when the Americans have allocated 4% of $ 373 billion.
By itself, the new reform in the area of instability characterized by taxes. In a short time, the Republicans will need to explain in detail the scheme of implementation of its plan of all the nuances and detail adjustments.
Many experts are concerned, and set a very negative impact on policy Trump taxes. This is not the first time when the sphere of charity is in danger because of the tax plan.
Financial analysts and consultants are strongly advised to increase the volume of charity. So you can get more benefits, and in the case of a charitable contribution, it is possible to receive instant tax rebate.
Based on materials WELTRADE
