OUT OF MIND
Would you like to react to this message? Create an account in a few clicks or log in to continue.
Latest topics
» As We Navigate Debs Passing
New Law Requires Churches and Charities to Begin Paying Taxes EmptyMon Jan 08, 2024 6:18 pm by Ponee

» 10/7 — Much More Dangerous & Diabolical Than Anyone Knows
New Law Requires Churches and Charities to Begin Paying Taxes EmptyThu Nov 02, 2023 8:30 pm by KennyL

» Sundays and Deb.....
New Law Requires Churches and Charities to Begin Paying Taxes EmptySun Oct 01, 2023 9:11 pm by NanneeRose

» African Official Exposes Bill Gates’ Depopulation Agenda: ‘My Country Is Not Your Laboratory’
New Law Requires Churches and Charities to Begin Paying Taxes EmptyThu Sep 21, 2023 4:39 am by NanneeRose

» DEBS HEALTH
New Law Requires Churches and Charities to Begin Paying Taxes EmptySun Sep 03, 2023 10:23 am by ANENRO

» Attorney Reveals the “Exculpatory” Evidence Jack Smith Possesses that Exonerates President Trump
New Law Requires Churches and Charities to Begin Paying Taxes EmptyTue Aug 29, 2023 10:48 am by ANENRO

» Update From Site Owner to Members & Guests
New Law Requires Churches and Charities to Begin Paying Taxes EmptyTue Aug 29, 2023 10:47 am by ANENRO

» New global internet censorship began today
New Law Requires Churches and Charities to Begin Paying Taxes EmptyMon Aug 21, 2023 9:25 am by NanneeRose

» Alienated from reality
New Law Requires Churches and Charities to Begin Paying Taxes EmptyMon Aug 07, 2023 4:29 pm by PurpleSkyz

» Why does Russia now believe that Covid-19 was a US-created bioweapon?
New Law Requires Churches and Charities to Begin Paying Taxes EmptyMon Aug 07, 2023 4:27 pm by PurpleSkyz

»  Man reports history of interaction with seemingly intelligent orbs
New Law Requires Churches and Charities to Begin Paying Taxes EmptyMon Aug 07, 2023 3:34 pm by PurpleSkyz

» Western reactions to the controversial Benin Bronzes
New Law Requires Churches and Charities to Begin Paying Taxes EmptyMon Aug 07, 2023 3:29 pm by PurpleSkyz

» India unveils first images from Moon mission
New Law Requires Churches and Charities to Begin Paying Taxes EmptyMon Aug 07, 2023 3:27 pm by PurpleSkyz

» Scientists achieve nuclear fusion net energy gain for second time
New Law Requires Churches and Charities to Begin Paying Taxes EmptyMon Aug 07, 2023 3:25 pm by PurpleSkyz

» Putin Signals 5G Ban
New Law Requires Churches and Charities to Begin Paying Taxes EmptyMon Aug 07, 2023 3:07 pm by PurpleSkyz

» “Texas Student Dies in Car Accident — Discovers Life after Death”
New Law Requires Churches and Charities to Begin Paying Taxes EmptyMon Aug 07, 2023 3:05 pm by PurpleSkyz

» The hidden history taught by secret societies
New Law Requires Churches and Charities to Begin Paying Taxes EmptyMon Aug 07, 2023 3:03 pm by PurpleSkyz

» Vaccines and SIDS (Crib Death)
New Law Requires Churches and Charities to Begin Paying Taxes EmptyMon Aug 07, 2023 3:00 pm by PurpleSkyz

» Sun blasts out highest-energy radiation ever recorded, raising questions for solar physics
New Law Requires Churches and Charities to Begin Paying Taxes EmptyMon Aug 07, 2023 2:29 pm by PurpleSkyz

» Why you should be eating more porcini mushrooms
New Law Requires Churches and Charities to Begin Paying Taxes EmptySun Aug 06, 2023 10:38 am by PurpleSkyz

» Study shows that glyphosate impairs learning in bumblebees: a wake-up call for insect conservation
New Law Requires Churches and Charities to Begin Paying Taxes EmptySun Aug 06, 2023 10:36 am by PurpleSkyz

» The power of automatic writing: a gateway to unlocking your inner wisdom
New Law Requires Churches and Charities to Begin Paying Taxes EmptySun Aug 06, 2023 10:34 am by PurpleSkyz


You are not connected. Please login or register

New Law Requires Churches and Charities to Begin Paying Taxes

Go down  Message [Page 1 of 1]

PurpleSkyz

PurpleSkyz
Admin

New Law Requires Churches and Charities to Begin Paying Taxes Taxesjoel-780x309

New Law Requires Churches and Charities to Begin Paying Taxes

Gerald Sinclair


Republicans have somehow managed to quietly impose a new tax on churches and other organizations that normally would not have to pay taxes. This could cost some tens of thousands of dollars within reason.
The recent tax code rewrite requires churches, hospitals, and places of the sort to begin paying 21 percent tax on some of the benefits offered to their employees. This being things considered fringe benefits like parking or so forth. Some are shocked by this and others are ‘glad’ it is finally happening.
Politico wrote as follows in regards:
Though many organizations are still unaware of the tax, more than 600 churches and other groups have already signed a petition demanding it be repealed.

“There’s going to be huge headaches,” said Galen Carey, vice president of government relations at the National Association of Evangelicals, an umbrella group of evangelical Christian organizations. “The cost of compliance, especially for churches that have small staffs or maybe volunteer accountants and bookkeepers — we don’t need this kind of hassle.”
The Jewish Federations of North America is looking at a new $75,000 tax bill this year because of the change.

“A lot of people are just finding out about it and the more people find out about it, the more pressure there will be on Treasury and Congress to either delay implementation or consider changing this,” said Steven Woolf, senior tax policy counsel for the group.
At least one Republican lawmaker is now proposing to rescind the tax, though House Ways and Means Chairman Kevin Brady — one of the architects of the Tax Cuts and Jobs Act — is defending the provision.
It will simplify the code when it comes to how workers are compensated, Brady said through a spokesman.
The debate comes as Republicans celebrate the six-month milestone of the law’s enactment. They’ve emphasized the benefits of its big cuts in taxes on businesses and individuals.
But to help defray the budgetary cost of those changes, Republicans simultaneously pared tax breaks for workers’ fringe benefits, which is projected to raise around $40 billion over the next decade.
Things like this raise a lot of questions and will cause quite the headache in the long run but who knows, perhaps some good will come of it. The treasury is currently working on regulations that should spell out how the details of this kind of thing will look. With figures like Joel Osteen looking as if he profits a bit too much off of the ‘word of God’ I could see how some people would want more taxation or at least some taxation on churches but is this the way to go about it?
What do you think about all of this? Do you think this is a good thing or a bad thing?



https://youtu.be/p5HYgMgI8As

Image via World Pro News


Thanks to: http://awarenessact.com

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum