President Elect Donald Trump's new tax rate reduction plan is set to indirectly decrease the overall amount of charitable donations. If you donate $100 at the current rate of 39.6% the after tax cost of the donation is around $60. With the new rate reduction the after tax cost of the donation raises to $67.
Also the increase in the standard deduction to $15,000 will allow people to stop itemizing but they will loose their tax break on charitable contributions.
Hopefully your charitable donors give from the heart and their charity is not only a fiscal act. And remember that these tax decreases will leave people with more disposable income.
If you do notice a dip in donations think about having a raffle. We provide Raffle Tickets to a large number of Non-Profit organizations who have large scale raffles in the order of 50,000 to 100,000 raffle tickets that generate large amounts of money for their organizations.
BeaconRaffleTickets.com is proud to offer 10 colors of raffle ticket stock as standard on our web site www.BeaconRaffleTickets.com.
Since we have been printing tickets since 1971 we have access to just about any type of Raffle Ticket paper that you could possibility need.
So give us a call with any special needs on your next Raffle Ticket order and you will be pleasantly suprised