Reality Check For Those Saying The Big Beautiful Bill Was a Tax Break For Rich \ stacker news ~Politics_And

Given how this is one of if not the BIGGEST abused tax break by the rich (they give to their or their friends charities and then hire their kids or friends kids to run it) well now not only do they have a floor they have to hit of 0.5% but ALSO LIMITS the max to 37%. Below is an example using someone making $100k.

For example, if your adjusted gross income is $1 mi ll i o n, w hi c hi s t h e 37$ 100,000 to charity in 2025, the charitable deduction could save you $37,000, he wrote in a LinkedIn post last week.

By comparison, the same $100, 000 g i f t ma yo n l y b e w or t h$ 33,250 in 2026 under the two new provisions enacted via Trump’s legislation, he said.

Here’s how it works: The 0.5% floor cuts the $100, 000 g i f t b y$ 5,000 to $95, 000. T h eseco n d n e wp ro v i s i o n re d u ces t h e$ 95,000 donation by 2/37, which is $5, 135.13. Wh e na dd e d t o g e t h er, t h e l imi t a t i o n s d ro pt h e d e d u c t i o n t o$ 89,864.87. That figure multiplied by the 37% bracket is about $33, 250, w hi c hi s$ 3,750 less than $37,000.