< 1 min read
July 5, 2013
When it comes to charitable giving, are America's poorer citizens "more generous" than rich, since they don't itemize and don't get a percentage back?
"Ken Stern argues that Americans at the bottom of the income pyramid give a higher percentage of their income (3.7 percent) than the wealthy overall (1.3 percent). However, only the wealthy itemize. Without the benefit of itemization, those of low income are actually donating 100 percent of every dollar they hand over—unlike the wealthy, who receive a percentage back at tax season. Stern argues this distinction increases the relative generosity of the low-income." -- Jennifer Amanda Jones, Nonprofit Quarterly