Home
/
RELIGION & LIBERTY ONLINE
/
The power of individual giving
The power of individual giving
Jan 1, 2025 5:56 AM

It’s the beginning of tax season. Since I’m still in school, I typically have to get my returns done early so that I can include them as part of financial aid applications. This year I used H&R Block’s TaxCut software so that I could get the returns done quickly and smoothly.

One of the options that the software gives you when you are done is the option pare your return with the national average for your e bracket. Here are some interesting results of parison, drawn from the 2005 tax data (the latest for which they had numbers):

Average salary/wages for my bracket: $65,453

Charitable contributions: $2,835

That means that in that e bracket the average deduction for charitable donations was 4.35%.

For 2005, individual private giving to charitable causes reached almost $200 billion (PDF), and made up the vast majority of the total $260 billion in giving reported to the IRS. “Religion” has historically been the single highest sector for allocation, topping $93 billion in 2005.

Also in 2005, Barna reported some findings on charitable giving trends, noting that the average for American household giving was 3% and that 9% “born again” Christian adults tithed in 2004.

Comments
Welcome to mreligion comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
RELIGION & LIBERTY ONLINE
The current labor crisis started before the pandemic and has much to teach us
Young people are constantly presented with vocational blueprints and cookie-cutter college tracks that ignore plexity of the human person and the diversity of human needs. Read More… The United States is facing a labor shortage of epic proportions. With over 10 million jobs currently available and almost 9 million available workers waiting on the sidelines, “the U.S. now has more job openings than any time in history,” according to NBC News. The Biden administration surely bears some of the blame,...
Czechs vote communists out of parliament
While the latest election marks a decisive symbolic victory munism and progressivism, it’s but one development in a larger realignment marked by a mix of populism and centrism. Read More… Since 1925, the Communist Party of Czechoslovakia has had a seat at the table in Czech parliaments. While momentarily sidelined by the Nazi occupation during World War II, the party managed to centralize power rather quickly thereafter, working with Moscow to crush dissent and impose totalitarian control from 1948 until...
Privilege and price controls make USPS too big to fail
A cut in size and a little taxation could just save the USPS from itself. Read More… The United States Postal Service (USPS) e under criticism for extending first-class delivery times as part of Postmaster General Louis DeJoy’s 10-year plan to revitalize the agency. According to Tyler Powell and David Wessel at Brookings, “The USPS has operated at a loss since 2007.” In response to the news of delayed service, Senator Kirsten Gillibrand, D-N.Y.,tweeted, “Louis DeJoy is wrong. We don’t...
Jimmy Lai coming up on one year in prison as new court date is set in pro-democracy activist’s case
By the time Lai appears in court on Dec. 28 to face treason charges, he will have spent almost a year in prison, during which time his panies have been folded and six of his senior-ranking colleagues have all been arrested. Read More… Jimmy Lai, a 73-year-old Hong Kong media mogul, outspoken critic of China, pro-democracy activist, and recipient of the Acton Institute’s 2020 Faith and Freedom Award, will approach a year behind bars as his national security case is...
The political murder of Sir David Amess shines a light on the virtues of public service
The stabbing death of Sir David Amess as he met with constituents is both an occasion of mourning and horror but also a time to consider the animating principles of the best of our public servants, and the price they sometimes pay for mitment to the public good. Read More… The name of Sir David Amess, a Conservative member of the British Parliament for 39 years, was little known in the U.K., and almost certainly not at all known in...
Constitution protects nonprofits despite political activism
Challenge the political agenda of the Gates and Ford Foundations, but do not use means that undermine the very rule of law that should be defended. Read More… A healthy state protects life, secures liberty, and defends property. A totalitarian state does the opposite: it arbitrarily pels, and seizes property. J. D. Vance recently appeared on Fox News with Tucker Carlson to discuss a verbal altercation between Arizona State University students, one of whom was the recipient of a Ford...
Amnesty International to withdraw from Hong Kong
The human rights organization says it can no longer “work freely and without fear” as the Hong Kong government continues to repress fundamental freedoms. Read More… London-based Amnesty International has succumbed to the pressures of Hong Kong’s wide-sweeping National Security Law (NSL), announcing on Oct. 25 its decisions to withdraw operations from the city. The human rights organization will close its two Hong Kong branches, citing fear of “restrictions of freedoms of expression.” The nongovernmental organization (NGO) said its branch...
We need a ‘Forbes 400 Poorest Americans’ list
Would highlighting the least among us elicit only predictable ideological reactions, or serve to encourage a new kind of entrepreneurial initiative? Read More… In the 1936 film My Man Godfrey, an oddly well-spoken “forgotten man” whose temporary lodgings are a city dump, finds himself the object of a game played by a pair of rich sisters, one of whom takes a fancy to him. Seeing in Godfrey a project, or “protégé,” the more likable sister decides to give him a...
We are a fractured nation, but there is still hope
The Founders worried about “factionalism” ing tyranny, but thought the nation so large and scattered that it would be impossible for the “like-minded” e together for evil ends. But modern social and mass media have helped turn citizens into mobs determined to destroy their political enemies. Do we have anything mon anymore? Read More… It’s e monplace observation that while we are indeed a divided nation, we have been divided before and, some claim, in much worse ways. The first...
Beyond material prosperity, economic freedom fosters virtue and relationship
In addition to boosting material welfare, capitalism has the potential to strengthen the bonds of a virtuous society, inspiring sacrifice, generosity, trust, patience, friendship, self-governance, and more. Read More… In defending the cause of economic freedom, it can be easy to focus only on the material fruits, whether it be new innovations and efficiencies or the ongoing expansion of opportunity and abundance. But before and beyond our arguments about material es, we often neglect the foundations from which these successes...
Related Classification
Copyright 2023-2025 - www.mreligion.com All Rights Reserved