Opportunity zones offer tax breaks to investors who put money to work in areas designated as economically depressed — including parts of every Western North Carolina county. The latest edition of Xpress’ WTF feature takes a deeper look into the significance and consequences of the program.
Roughly 22 million fewer people claimed a tax benefit from their charitable giving in 2018 than in 2017, thanks primarily to the higher standard deduction threshold established under the Tax Cuts and Jobs Act of 2017. According to a study by Giving USA, inflation-adjusted individual charitable contributions decreased by 3.4% from 2017 to 2018.
“Each of Brown’s proposals will put middle- and lower-class families in significantly better positions than they are now.”
