Quote:
Originally posted by Mmmm, Burger (C.J.)
If you give an appreciated asset, you get to deduct the full value, but the charity doesn't have to pay the k-gains tax. So while you would (under current law) avoid 15% tax instead of 50%, you still avoid some. What's more, you'll have that incentive througout your life, rather than only upon death.
So, at bottom, I suspect the change will affect more the timing of gifts than the amount (i.e., on a stream, rather than only at death).
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What percentage of charitable giving (globally) is in the form of appreciated assets, as opposed to cold hard cash or even depreciated assets (i.e., Hank's dad's car that he's thinking of giving to the Red Cross so that he can plant something else in the front yard and get the neighbors off his back)?
