To stop donors from abusing charitable remainder trusts (CRTs) by taking deductions when charities couldn't actually expect to receive anything, the Internal Revenue Service created both the 5 percent exhaustion and the 10 percent remainder rules. My analysis using Monte Carlo simulations shows that the 5 percent rule is almost always ineffective, while the 10 percent rule is reasonably effective. The IRS should repeal the 5 percent rule and treat all CRTs equally. If the IRS doesn't, a donor
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