Charitable Giving and the Tax Cuts and Jobs Act Decile TCJA Non-Itemizer, Dollar Floor Credit,...
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Transcript of Charitable Giving and the Tax Cuts and Jobs Act Decile TCJA Non-Itemizer, Dollar Floor Credit,...
τ
τ τ
$0
$50
$100
$150
$200
$250
$300
$350
$400
$450
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Year
Total Corporation Foundations Bequests Individuals
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$0
$20
$40
$60
$80
$100
$120
Bill
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s o
f D
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AGI DecileNon-Itemizers Itemizers
$0.60
$0.65
$0.70
$0.75
$0.80
$0.85
$0.90
$0.95
$1.00
$1.05
$1.10
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Pri
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1
AGI Ventile
Pre-TCJA
TCJA
-$6
-$5
-$4
-$3
-$2
-$1
$0
$1
1st 2nd 3rd 4th 5th 6th 7th 8th 9th 91–95% 96–100%
Bill
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s o
f D
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rs
AGI Decile
Increase Standard Deduction All Other TCJA Provisions
τ
-$14
-$12
-$10
-$8
-$6
-$4
-$2
$0
$2
$4
$6
1st 2nd 3rd 4th 5th 6th 7th 8th 9th 91–95% 96–100%
Billi
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of D
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AGI Decile
TCJA
Non-Itemizer, Dollar Floor
Credit, Dollar Floor
Arthur C. Brooks, President; Michael R. Strain, Director of Economic Policy Studies; Stan Veuger, Editor,
is a publication of the American Enterprise Institute (AEI), a nonpartisan, not-for-
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