Yeah, as Gina points out, tax deductions are different, they let you reclaim a fraction of what you donate. e.g. if you’re getting taxed at a plausible marginal rate of like 40%, then, assuming you don’t drop into a lower tax bracket, you effectively get 40% of the amount you donated back.
In the link, the proposal is that if everyone’s getting taxed 40%, you instead tax everyone at 41%, and they choose where to send that extra 1%.
Yeah, as Gina points out, tax deductions are different, they let you reclaim a fraction of what you donate. e.g. if you’re getting taxed at a plausible marginal rate of like 40%, then, assuming you don’t drop into a lower tax bracket, you effectively get 40% of the amount you donated back.
In the link, the proposal is that if everyone’s getting taxed 40%, you instead tax everyone at 41%, and they choose where to send that extra 1%.