Peter Funt, second generation Candid Camera host, has turned his attention to more serious topics lately. In the past several years, Funt has written op-ed pieces, some of which have been picked up by The Boston Globe.
One of his recent articles, arguing in favor of tax breaks for Americans who volunteer their time, was picked up by the media in late December 2010. Funt is certainly not the first to bring this concept to the table, but his idea is receiving press throughout the country. Newspapers in at least twelve states carried the column, and a Google search shows that it has also been posted on several blogs.
In his article, Funt argues that unpaid volunteers in the U.S. should receive a federal tax credit that “would help Americans at all income levels pay a bit less, while also providing some benefit to the unemployed.” Following are his main talking points:
- Volunteers should be allowed to claim $5.69 per hour donated. (This figure is based on 25 percent of the average hourly rate for all American civilian employees.)
- Credits could be rolled over for up to five years.
- Organizations participating must be qualified non-profits.
- The cost to federal government for a volunteer tax credit using his proposal is estimated at $1 billion per year.
Funt acknowledges that his idea would create more paperwork for non-profits, but points out that documentation for monetary donations is already being generated. He also believes this proposal would alleviate some of the imbalance between paid workers and volunteers working side by side at the same agency. Giving a nod to possible abuses, Funt states, “But whom should the IRS worry about more: the billionaire who bends the rules when claiming a five-digit deduction, or the… (volunteer) who adds 15 minutes to his time sheet?”
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