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A CBO Paper: Effects of Allowing Nonitemizers to Deduct Charitable Contributions [i] (December 2002)

handle is hein.congrec/cbo0731 and id is 1 raw text is: A CBO PAPER Effects of Allowing Nonitemizers to Deduct Charitable Contributions December 2002 Note Numbers in the text and tables may not add up to totals because of rounding. Preface This Congressional Budget Office (CBO) report was prepared at the request of the Ranking Member of the House Committee on Ways and Means. The report briefly reviews the history of the standard deduction in the federal income tax, examines patterns of charitable giving by itemizers and nonitemizers, and looks at the economic incentives that the tax system offers for charitable giving. It also discusses options for extending the deductibility of charitable donations to all taxpayers, focusing on revenue costs and the effects on levels of giving. In accordance with CBO's mandate to provide objective, nonpartisan analysis, this report makes no recommendations. Robert McClelland of CBO's Tax Analysis Division prepared the report under the supervision of G. Thomas Woodward and Roberton Williams. Kurt Siebert provided assistance with data and figures. This paper benefited from comments by reviewers outside CBO, including Eugene Steuerle and Jane Gravelle. Within CBO, William Gainer, Arlene Holen, Deborah Lucas, John Sturrock, David Weiner, and Dennis Zimmerman provided comments. Christine Bogusz edited the report, and Leah Mazade proofread it. Kathryn Winstead prepared the report for publication, Lenny Skutnik produced the printed copies, and Annette Kalicki prepared the electronic versions for CBO's Web site. Dan L. Crippen Director December 2002

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