Note | Tax Law
Charity for All: A Modern Call for a Renewed Commitment to Charitable Giving
by Joey Bloodworth*
From Vol. 93, No. 2 (January 2020)
93 S. Cal. L. Rev. 273 (2020)
Keywords: TCJA, Charitable Giving, Income Tax Deduction
This Note will center on the TCJA’s unpopularity, the charitable contribution deduction, and the adverse effect the TCJA is projected to have on charitable giving. It will conclude that now is an optimal time to expand the charitable contribution deduction. The expansion of the charitable contribution deduction would likely be popular for many of the same reasons that the TCJA is currently unpopular. The proposed expansion will also address some of the problems with charitable giving created or exacerbated by the TCJA…
This Note will use various tax-policy projections regarding the effects of the TCJA for tax year 2018. These projections cannot account for all outside variables, such as the state of the economy, which is affected by many factors besides taxation. With this in mind, the aspects of this Note that rely on the projections are tax policy specific, and the outside variables that affect the actual tax year 2018 statistics are not themselves within the scope of this Note. Therefore, unless there are significant, long-term, unexpected outcomes to the TCJA that lead to the alteration of tax policy projection methods, the projections can reasonably be used as data for the purposes of this Note.
*. Executive Senior Editor, Southern California Law Review, Volume 93; J.D. Candidate 2020, University of Southern California Gould School of Law; M.Acc. 2017, University of Arkansas; B.S.B.A. Accounting 2017, University of Arkansas. I could never thank my Mom, Dr. Dorothy Munch, and Dad, Judge John Bloodworth, enough for their unending support and unwavering belief in me. I would also like to thank my note advisor, Professor Edward McCaffery, the entire Southern California Law Review, and my support system at school, especially Kelsey Falkenberg.