What do the AARP, American Cancer Society, Boy Scouts of America and National Public Radio have in common? Each is a member of Independent Sector, a lobby group for charitable organizations. In fact it’s a lobby group that’s pushing Congress to not decrease your estate taxes so that you’ll be more inclined to give your money to charities.
Independent Sector is calling on Congress to preserve this critical tax incentive for philanthropic giving by ensuring that any modifications to the tax do not raise the exemption level or lower the tax rates beyond the 2009 levels.
See if your favorite charity is a member. Maybe you need a word with them to let them know what you think of confiscatory estate taxes.
(h/t to LRC Blog)