Simfan34
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Posts: 15,744
Political Matrix E: 0.90, S: 4.17
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« on: March 19, 2015, 06:56:48 PM » |
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Is the region supposed to deduct the entirety of all charitable contributions from a person's tax liabilities, plus some matching credit? This in many cases would completely wipe out any tax liability considering we are talking about regional tax rates. Furthermore, when considering the volume of donations as is this would generate liabilities for the region in the tens of billions. What is a "community development grant", by the way?
I can't see myself signing this in its present form- as is it would put a massive hole in our budget with little return. Sure, you might imagine that "charity" in the abstract would make up for it, but with people donating to their local arboretum, church repair, Planned Parenthood, or interpretive dance centre, I'm inclined to conclude the flow of funds would be redirected away from what we need funded towards ends that could rely on donations, rather than state support, but far less reliably than regular appropriations.
I'm one to place great importance on the arts, but I don't think this would be worthwhile for anything near what it would cost the region. Which we have no idea of.
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