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...it's not good enough for the (rich) egalitarians at the New York Times, according to a story yesterday. You see, when the rich give their money away to charity, they are re-directing it away from the Times' favored recipient of it -- government.

For every three dollars they give away, the federal government typically gives up a dollar or more in tax revenue, because of the charitable tax deduction and by not collecting estate taxes...

The charitable deduction cost the government $40 billion in lost tax revenue last year, according to the Joint Committee on Taxation, more than the government spends altogether on managing public lands, protecting the environment and developing new energy sources.

Rob Reich, an assistant professor of political science and ethics in society at Stanford, goes so far as to say that the tax code promotes inequities through the breaks it provides for charitable giving.

Thanks to Jameson Campaigne for the link.

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