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Nonprofit Donors Exposed On The "Fiscal Cliff"
As Congressional leaders and the Administration try to negotiate a deal to stop the government from marching over the so-called “fiscal cliff,” some officials are considering putting new limits on the tax deduction for donations to charities and other nonprofit organizations, such as The Atlas Society. This reminds us of a couple of things we’ve written on the role of nonprofits and the tax deduction for donating to them: