The United States is the most charitable country in the world, according to a study by the Charity Aid Foundation. Our high levels of charitable giving are driven not just by the value we place on charitable activities but also by federal policies that reinforce those values in the form of valuable tax incentives. Against the numerous public policies that support charitable giving, the Pennsylvania realty transfer tax (RTT) stands as an unfortunate outlier as a policy that penalizes individuals when they make gifts of real estate to charitable organizations.
The Realty Transfer Tax Discourages Charitable Giving
The Legal Intelligencer
June 26, 2013