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'Buffett Rule' Tax Bill Would Preserve Charitable Deduction

February 3, 2012
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Senate Democrats have introduced legislation to require the richest Americans to pay a minimum share of their income in taxes, but allow them to continue claiming a deduction for charitable giving.

The bill, introduced by Sen. Sheldon Whitehouse of Rhode Island, aims to put into effect the so-called “Buffett Rule” that was championed by President Obama in his State of the Union address.

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Source: Chronicle of Philanthropy
 

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