As a result, a preferred private school gets funding, which it must use to offset tuition for low-income students. The donor loses almost nothing.
There are certain tax situations in which business owners can give, say, $10,000 and see their total tax bill drop by more than that amount, said Carl Davis, research director at the Institute on Taxation and Economic Policy, a Washington, D.C.-based organization that researches tax policies. “There’s no doubt that there’s risk-free profit to be had here” for some. Read more