Unsurprisingly, the 99% are much more generous than the 1%. Households earning less than $25,000 give away twice as much as richer households as a fraction of their income. The disparity is even greater given that many if not most of the 99% do not itemize their tax returns and therefore do not take a tax deduction for charitable contributions.
Why the 99% Are Actually More Philanthropic Than the 1% ~~~ Giving For Deductions
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Seeded on Sun Dec 25, 2011 11:42 AM

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