Monday, November 05, 2012

Bay Area nonprofits defend some tax breaks for the wealthy | California Watch

Bay Area nonprofits defend some tax breaks for the wealthy | California Watch: Bay Area nonprofits, which often advocate for some of the neediest Americans, are finding themselves the unlikely defenders of a politically unpopular stance: keeping some tax loopholes for the rich.

“It’s a paradox,” said Jan Masaoka, CEO of the California Association of Nonprofits, a coalition of more than 1,600 charities. “The nonprofit sector, which roots for the underdog, supports tax breaks to the wealthy because charitable deductions help us.”

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