The tax law permeates virtually all areas of human activity. That maxim has been passed down by generations of tax-law professors. The recent horrific killing of Cecil the lion by Walter Palmer, dentist and hunter, calls that adage to mind. Special rules govern charitable gifts of tangible personal property. And animal trophies are in that category.
I have no idea whether Palmer will have the lion’s head mounted, and if he does whether he will keep or contribute it. But enough taxpayers had contributed animal trophies to charity and claimed inflated charitable deductions to motivate Congress to tighten the deductibility rules in 2006.
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