A nationwide poll conducted by the United Way Worldwide from November 9-20, 2012 shows that almost one-third of Americans would reduce their current giving levels if the charitable contribution deduction were eliminated.
Other key indicators of the poll include the following:
The vast majority of Americans (79%) believe reducing or eliminating the charitable tax deduction would have a negative impact on charities and the people they serve.
Of those who would reduce their giving, a majority (62%) indicate they would have to reduce their contributions by a significant amount. (26% would have to reduce their contributions by 50% or more; 36% would have to reduce their charitable giving between 25%-50%.)
Two out of every three Americans (67%) are opposed to reducing or eliminating the charitable tax deduction.
The charitable deduction is used by people of varying income levels, not just high income individuals. The percent of people indicating they use the charitable deduction is the same for households with incomes between $50K-$100K; $100K-$150K; and $150K+.
Visit the United Way’s webpage for the full story.