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18 votes
Why did the rich give money to schools?

User Eligio Becerra
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1 Answer

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11 votes

Answer:

Reich also pointed out that when wealthy people give money to their town foundations, their tax-deductable donations stay in their own communities. The contributions enhance the schools’ success, which in turn increases the donors’ property value. In other words, the rich receive tax credits for giving money to themselves.

User Jason Cross
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