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kliuless (3)
How Private Is 'Private Charity'? Private charity may be
more accurately described as "private donations coupled with involuntary, tax-financed public subsidies." And
it's not fair: "very low-income people paying only payroll taxes get hardly any leverage for their donations. Very high-income people in states with high income-tax rates – such as New Jersey and New York – can through the tax code virtually double the money funneled to a charity per dollar of their own sacrifice." (
previously)
posted by kliuless
on Jan 17, 2011 -
39 comments
Chen has a daily routine—waking up at 3am, she makes her way to the vegetable wholesaler and sets up her stall, which she tends till seven or eight in the evening. The first to arrive in the dark, damp market and the last to leave, other stall-owners have fondly nicknamed her ‘market manager.’ Chen holds the stall her father left her dearly. Yuan-Jin Vegetables is her everything. Selling at “a bundle for 30 dollars*, three bundles for 50,” Chen earns only marginal profits. Yet, her frugality has allowed her to donate about NT$10 million (nearly Rs1.5 crore) [approx. US$330,000] towards various charitable causes, including helping schools, orphanages and poor children.
posted by nickyskye
on Dec 6, 2010 -
17 comments
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