May 17, 2017

New York Times: In Some States, Donating to Private Schools Can Earn You a Profit

media mention

AASA and the liberal-leaning Institute on Taxation and Economic Policy examined programs in 17 states that send more than $1 billion a year to private schools via tuition tax credits, and concluded that private schools were benefiting from a “federally sanctioned voucher tax shelter” for wealthy taxpayers.

The study called it a “get-rich scheme for shrewd taxpayers.”

“It’s turned the whole idea of charitable giving on its head,” said Carl Davis, research director at the Institute on Taxation and Economic Policy, who was an author of the report. He added: “Even if you don’t have an attachment to a particular private school, you’d be better off finding one. That’s how big the incentive is here.” Read more