Tax reform and individual giving to higher education |
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| Affiliation: | 1. Mechanical Engineering Department, Faculty of Engineering, The Hashemite University, 13133, Zarqa, Jordan;2. Department of Mechanical Engineering, Jordan University of Science and Technology, Irbid, Jordan;3. Mechanical and Aerospace Engineering Department, New Mexico State University, Las Cruces, NM, USA |
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| Abstract: | Higher education benefits from a number of special provisions of U.S. tax laws. One of the most important is the deducibility of charitable contributions. One effect of recent proposals for tax reform would be to increase the net cost to donors of making such gifts, thereby reducing current tax incentives to give. Higher education would be especially impacted by such proposals because of its dependence on gifts from high income donors and on gifts of appreciated property. Simulations of taxpayer behavior under the assumption of a passive response by higher education institutions and contributors imply that tax reform could lead to a significant reduction in giving. |
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