January 5, 2010

See? I Don’t Oppose All Tax Credits

I realize that I have been writing a lot lately about tax credits that I oppose. In this post, I’d like to identify one that I support: the Food Pantry Tax Credit (FPT). It’s a tax credit for individuals who donate cash or food supplies to a qualified food pantry. From a recent article published by Fox4KC:

The food pantry tax credit gives donors a tax credit worth 50 percent of their donation, up to $2,500. To qualify, donors must donate to a pantry that distributes food, not a bank that stores it.

The Food Pantry Tax Credit is a win-win for Missouri: Individuals can reduce their tax burden and food pantries can stay stocked throughout the year. Plus, unlike tax credits that are targeted to industries, the food pantry tax credit doesn’t favor certain parties over others.

A project of the

 


Download the Show-Me Institute's iphone app. Download the Show-Me Institute's android app. Sign up for the Show-Me Institute's RSS feed
Follow the Show-Me Institute on Facebook Follow the Show-Me Institute on Twitter Watch the Show-Me Institute on YouTube

The views expressed by each contributor to this blog are those of that contributor alone, and do not necessarily represent the views of the Show-Me Institute.

Welcome to the official blog of the Show-Me Institute. Here you'll find daily commentary by Show-Me Institute staff and scholars.



Recent Posts

View a random entry.

Archives

Categories

Links

Missouri

Free Market

Sister Organizations

Powered by Wordpress