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The Reduced Benefit of Contributing Intangibles After the 2003 Tax Act

Posted: 16 Apr 2004  

Richard E. Coppage

University of Louisville - College of Business and Public Administration

Sidney J. Baxendale

University of Louisville - College of Business and Public Administration

Lisa Blum

University of Louisville - College of Business and Public Administration

Abstract

This article describes the effect the 2003 Tax Act has on the cost of donating intangibles. The cost of donating is analyzed based on marginal tax rates and the basis of the contributed property as a percentage of the market value. Overall, the results reveal that it is more costly to donate after the 2003 Tax Act because of the lower income and capital gain tax rates.

Suggested Citation

Coppage, Richard E. and Baxendale, Sidney J. and Blum, Lisa, The Reduced Benefit of Contributing Intangibles After the 2003 Tax Act. Tax Notes, Vol. 103, No. 3, April 19, 2004. Available at SSRN: https://ssrn.com/abstract=531822

Richard E. Coppage (Contact Author)

University of Louisville - College of Business and Public Administration ( email )

Louisville, KY 40292
United States

Sidney J. Baxendale

University of Louisville - College of Business and Public Administration ( email )

Louisville, KY 40292
United States

Lisa Blum

University of Louisville - College of Business and Public Administration ( email )

Louisville, KY 40292
United States

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