Sunday, June 12, 2005

Charitable Giving to African Nations

The G-8 just approved a $40,000,000,000.00 debt forgiveness package for about 20 African nations. Supposing for a moment that the $40,000,000,000.00 was owed equally to the 8 nations, that would amount to a $5,000,000,000.00 charitable write off for the US alone.

Further supposing that there are 50,000,000 individual Federal Income Tax payers, that would amount to a charitable gift of $100.00 per tax payer, taken on a flat rate. If we did this in proportion to the amount of income tax paid, some folks wouldn't be eligible for as much as others--Heavens forfend.

It is my considered opinion that we, the tax paying public, deserve to add this to our annual charitable donations! It can be called the African Debt Relief Write-Off Act of 2005 by an enterprising Congressman. And that's something everyone can feel good about.

1 comment:

hbl said...