If something costs me money, it means that something I own (money) is exchanged for something else. The only way charitable giving can cost the U.S. if you make the assumption that they really own my money.
Non-profits are "Exploiting" the tax code? Oh my god...they should be good citizens, and not follow the law, but Ms. Strom's personal preferences of how she would like the law interpreted. Perhaps we should set up a "Supreme Strom Court" that gives our charitable institutions further "guidance" about what is acceptable and what isn't so that they can have clear guidelines and stop "exploiting."
The $300 billion donated to charities makes Americans the most generous people on the face of the earth.
"...so we need to do something to make sure taxpayers are getting a big enough benefit in return.” It is as if the money belongs to the government and they need to make sure that "their" investment gets a return.
The assumptions in this article are astounding and leave me grasping for words. Perhaps Ms. Strom would like us to give ALL our money to the government so they can give it back to us and make sure we don't mismanage it.
"so we need to do something to make sure taxpayers are getting a big enough benefit in return.”"
- More Charities Seek Tax Break for Donors, Costing U.S. Billions - NYTimes.com (view on Google Sidewiki)
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