Are donations to the Williams Fund tax deductible? If so, does that mean that people who are not able to afford big donations are subsidizing those who have a lot more money and are able to donate to the Williams Fund and then buy basketball tickets?
According to the Internal Revenue Service, 80 percent of a donation to the Williams Fund that is tied to the purchase of season tickets is eligible for a "charitable contribution deduction."
Soundoff posed the second question to KU business professor Allen Ford, who replied: "One can argue that noncontributors subsidize such contributors because they pay more taxes if the 'contributor' receives a tax deduction and pays less taxes.
"A similar argument can be made that renters subsidize homeowners who deduct interest on home acquisition debt and property taxes; atheists subsidize church contributors who receive charitable contribution deductions ... etc."