[lbo-talk] Re: Warren Buffett's philanthropy

[Wojtek Sokolowski]

Michael Perelman:
Of course once the death tax is gone, US charitable giving will fall.
-- 
[WS:] I doubt.  People give money not to avoid taxes but essentially for two
reasons: to buy social prestige (cf. Joseph Galaskiewicz, 'Social
organization of an urban grants economy", _Social Forces_ 66:3) and to
support religion (most of non-wealthy individual giving).  I do not think
tax policy has much effect on either.

Wojtek