The Bible

2(421) Directions: Simply read the response below and provide a well thought out response on what you read using at least 100 words. Please make sure it is well thought out.

This is an interesting question. As Christians, God gives us the desire to help others and the church, and this is why we give charitably, deduction or no. A non-Christian can have no such motive but can still give charitably for a good feeling or good reputation. Non-profit organizations and our churches depend heavily on contributions and so we should encourage others to give even if they cannot have the right motive. It is always right to do the right thing and wrong to do the wrong thing, regardless of motive. (James 4:17, New American Standard). Though a bad motive is enough to send a person to hell – thank goodness for Jesus (Matthew 5:21-30)! So, let us encourage others to give generously as God invites us (not pressure – but encourage). I think it is good to give corporations a tax break on charitable giving because it helps them to do the right thing.

Corporations cannot deduct charitable contributions that exceed 10% of their net income, and this is much lower than the 50% AGI limitation for individuals. It is true that corporations generally have much more money than an individual and that is why the government wants a higher percentage of their income and, therefore, limits this deduction. But I am quite sure that corporations often restrict their giving to 10% of their net income because of this.

I am inclined, consequently, to say that we should allow a bigger tax deduction for corporations’ charitable giving. I will not say do away with the limitations altogether but raise the allowable percentage. Just as the average individual never meets the limit of the individual limitation, I’m guessing most corporations would never donate 50% of their profit. But perhaps they would give 25% if they could get a deduction.

Solution preview for the order on the Bible

APA

131 words