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Nonprofits find much to like in Obama tax plan

from From Chronicle of Philanthropy

A higher estate tax, as envisioned in a proposal released by President Barack Obama in the State of the Union speech, would spur more charitable giving in the form of bequests and charitable trusts, according to some nonprofit tax experts. The estate-tax increase was included in a broad proposal to raise taxes on the most wealthy Americans and reduce the burden on poor and middle-income taxpayers. His proposal would increase fees on big banks that are highly leveraged and expand tax credits for the working poor, child care and college tuition. more


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