A Look Behind Donald Trump’s Tax Plan and its Implication for Arts Institutions

January 10th, 2017

reagan-signs-tax-law-via-art-newspaperThe Art Newspaper looks inside Trump’s proposed tax plan, and how its update of Ronald Reagan’s changes to laws on tax deductions for charity may harm non-profits and art institutions.  Trump’s plan, which caps deductions, would discourage the wealthy from making large donations to institutions as a way to avoid paying taxes.  “The system as a way of supporting museums as well as hospitals and universities is the envy of all those European countries where support comes from the state,” says Julián Zugazagoitia, director of the Nelson-Atkins Museum in Kansas City.

Read more at Art Newspaper