In the wake of the Great Recession, the wealthiest Americans are giving less of their income to charity, while poor and middle-income households are giving more, a study by the Chronicle of Philanthropy finds.Based on an analysis of IRS data on the 30 percent of taxpayers who itemize their deductions — a group that accounts for 80 percent of all individual donations — the study found that households earning at least $200,000 a year donated 4.5 percent less to charity as a share of adjusted gross income in 2012 than they did in 2006, even as total donations by the group increased $4.6 billion, to $77.5 billion.
Wealthy Donating Smaller Share of Income to Charity, Study Finds
October 7th, 2014
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