Episode 97: Americans Are Remarkably Charitable
Words & Numbers
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The Tax Break and the Poor
somewhere between 400 and 600 billion going to the poor, that's more than the federal government spends in a year on all of its welfare programs combined. A lot of money goes out that never gets declared in any way and doesn't actually get noted because it's not given to a nonprofit or some such thing. Americans only deduct about 50% of their charitable giving.
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