Wealthy Washington State resident giving his tax cut savings to charity

August 29, 2011

No, not that rich Seattle guy with his ginormous philanthropic foundation. This time it's Rick Steves.

Steves, founder of the Edmonds, Wash.-based Rick Steves' Europe Through the Back Door travel conglomerate, has donated $1 million to his community's arts center.

Steves was able to share his wealth thanks to the success of his travel writings, tours, radio show and speaking engagements.

But he says the thing that's really allowed him to amass so much disposable wherewithal is the lower tax rates created by the Bush-era tax cuts.

Rick_Steves_radio_show_courtesy_RickStevesdotcom Steves on the air with his radio show, Travel with Rick Steves.
(Photo courtesy RickSteves.com)

Rick Steves, meet Warren Buffett (and the French).

Like the Oracle of Omaha, Steves questions the wisdom of giving those who already have so much even more in the form of lower tax rates.

But Steves also issued a challenge to his similarly wealthy peers.

"If you're fortunate enough to be doing well these days, figure out what recent tax cuts have saved you, then donate that amount to a deserving cause that you believe in," Steves said in a statement issued by his company.

Steves' $1 million donation will support and expand the Edmonds Center for the Arts' performances and community programs. Some of the money also will pay all of the facility costs for the Edmonds' Cascade Symphony Orchestra for the next 10 years.

He sees the gift as a balance to what he calls a "false austerity [that] is being forced on the finer points of our culture. Over the last decade, my tax burden has been decreased even as public funding for important local programs and institutions has been decimated, a trend I find alarming."

Of course, if Steves wants to, he probably will be able to deduct his charitable gift to the Edmonds' arts community. That, too, will help lower his tax bill.

And deducting charitable donations is a tax break that anyone who itemizes can claim.

That's one way that even we much poorer folks can get the same tax treatment as the ultra wealthy.

You also might find these items of interest:

Share:

The More Tax Posts tab at the top of this page will take you to, well, more tax posts. You also can search below for a tax topic. 

Latest Posts
The latest Dirty Dozen tax scam list is familiar because too many are still falling for the schemes

March 5, 2026

Tax filing season is also peak time for tax scams. Be on the lookout for…

Read More
Hello Tax Season 2026

Happy New Tax Year! Are you ready to file your 2025 tax return? I know, too early to ask. But Tax Day 2026 will be here before we realize it. The Internal Revenue Service deadline to file and pay any tax we owe is the regular April 15 date this year. It’s also Tax Day for most of the states that collect income taxes from their residents, which is most of the states! If that seems too far away right now, don’t worry. As is the case every tax season, the ol’ blog’s tips and other tax reminders should help all of us meet our state and federal responsibilities. Procrastinators also will want to keep an eye on the countdown clock just below. It tracks how much time we have until April’s Tax Day, just in case we put off our annual tax task until the absolutely final hours and decide we need to instead get an extension request into the IRS by that date. (Note: I’m in the Central Time Zone, so adjust accordingly for where you live.)

Comments
Leave the first comment