Giving Compass' Take:

• Marques Chavez at Alliance For Charitable Reform writes on the debate over limiting charitable deductions for the wealthy, however, if a plan was implemented, it could change how wealthy Americans would treat these assets.

• Where do you stand on this debate? Is there an easy answer.

• Here's an article on if charitable deduction should be expanded to all taxpayers. 

Andrew Ross Sorkin, financial columnist for the New York Times and co-anchor of CNBC’s Squawk Box, wrote a column last week examining certain proposals that would increase taxes on the wealthy. It was an insightful column addressing a topic that has certainly taken center stage with changing influences in Congress and among the American public.

One section of Sorkin’s column addressed charitable giving and whether certain limitations to the charitable deduction should be implemented for wealthy Americans. As Sorkin writes:

Philanthropic giving is laudable, but it can also be a tax-avoidance strategy. Is there a point at which charitable giving should be taxed?

I’m not sure what the right answer is. But consider this question posed by several philanthropic billionaires: Should the rich be able to gift stock or other assets to charity before paying capital gains taxes?

Read the full article about limiting charitable deductions by Marques Chavez at Alliance For Charitable Reform.