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Balrog0 06/26/18 3:43:21 PM #1: |
https://www.politico.com/story/2018/06/26/republican-tax-law-churches-employees-670362
Republicans have quietly imposed a new tax on churches, synagogues and other nonprofits, a little-noticed and surprising change that could cost some groups tens of thousands of dollars. Their recent tax-code rewrite requires churches, hospitals, colleges, orchestras and other historically tax-exempt organizations to begin paying a 21 percent tax on some types of fringe benefits they provide their employees. That could force thousands of groups that have long had little contact with the IRS to suddenly begin filing returns and paying taxes for the first time. Many organizations are stunned to learn of the tax part of a broader Republican effort to strip the code of tax breaks for employee benefits like parking and meals and say it will be a significant financial and administrative burden. --- It's one more thing we do to the poor, the deprived: cut out their tongues . . . allow them a language as lousy as their lives ... Copied to Clipboard!
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MedzXVIII 06/26/18 3:44:16 PM #2: |
"small government"
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Sephiroth1288 06/26/18 3:44:19 PM #3: |
Good
--- The person who writes for fools is always sure of a large audience. Friend Code: 2723-9696-7248 ... Copied to Clipboard!
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SmidgeIsntBack 06/26/18 3:44:38 PM #4: |
Take that, libs
--- Audio Theater: For discussion of podcasts, radio, audiobooks, and the like https://www.gamefaqs.com/boards/1364- ... Copied to Clipboard!
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voldothegr8 06/26/18 3:45:33 PM #5: |
Balrog0 posted...
Their recent tax-code rewrite requires churches, hospitals, colleges, orchestras and other historically tax-exempt organizations to begin paying a 21 percent tax on some types of fringe benefits they provide their employees. Fair, next --- Oda break tracker 2018- 3 (2) | THE Ohio State: 11-2 | Oakland Raiders: 6-10 Super Mario Maker Profile: 1237-0000-0073-02FE ... Copied to Clipboard!
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Webmaster4531 06/26/18 3:45:58 PM #6: |
Finally something good.
--- Ad Hominem. ... Copied to Clipboard!
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KStateKing17 06/26/18 3:46:09 PM #7: |
The hospitals being included makes me nervous as fuck. Hell the colleges too.
--- The 17th King of the State of K ... Copied to Clipboard!
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CableZL 06/26/18 3:46:18 PM #8: |
What fringe benefits do orchestra members get?
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SexyPonyMagic69 06/26/18 3:46:40 PM #9: |
I'm on with this.
--- GameFlux: Unofficial GameFAQs board browser ... Copied to Clipboard!
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DifferentialEquation 06/26/18 3:47:10 PM #10: |
Churches shouldn't be exempt from taxes. You gotta pay if you wanna pray. Get rekt, liberals.
--- There's no business to be taxed. ... Copied to Clipboard!
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Patty_Fleur 06/26/18 3:47:30 PM #11: |
CE literally hates Christrians so of course they support this.
--- Three can keep a secret, if two of them are dead. ... Copied to Clipboard!
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KStateKing17 06/26/18 3:48:21 PM #12: |
DifferentialEquation posted...
Churches shouldn't be exempt from taxes. You gotta pay if you wanna pray. Get rekt, liberals. Lmfao --- The 17th King of the State of K ... Copied to Clipboard!
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DKFjalfe 06/26/18 3:48:44 PM #13: |
KStateKing17 posted...
DifferentialEquation posted...Churches shouldn't be exempt from taxes. You gotta pay if you wanna pray. Get rekt, liberals. ... Copied to Clipboard!
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DarkFists 06/26/18 3:49:51 PM #14: |
KStateKing17 posted...
The hospitals being included makes me nervous as fuck. Hell the colleges too. This...like, seriously... --- ... Copied to Clipboard!
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Sayoria 06/26/18 3:50:25 PM #15: |
Why do we need all these "tax cuts" to these programs? Do tell. Why? To pay for our star fleet?
--- Japanese Crack: http://www.dailymotion.com/video/x5pzggr ... Copied to Clipboard!
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DifferentialEquation 06/26/18 3:53:27 PM #16: |
Sayoria posted...
Why do we need all these "tax cuts" to these programs? Do tell. Why? To pay for our star fleet? It's Space Force. The people want it and Trump will build it. You'd know that if you watched his last two rallies. --- There's no business to be taxed. ... Copied to Clipboard!
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EndOfDiscOne 06/26/18 3:53:56 PM #17: |
It looks like certain benefits which are now nondeductible for all business, will be taxable for exempt entities now. Like parking (which is a dumb part of tax reform IMO).
--- I am the Cheese! I am the best character on the show! I am better than both the salami and the bologna COMBINED! ... Copied to Clipboard!
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Darkman124 06/26/18 3:55:48 PM #18: |
safe bet that when dems repeal with 51 votes, they'll leave this in.
--- And when the hourglass has run out, eternity asks you about only one thing: whether you have lived in despair or not. ... Copied to Clipboard!
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Sephiroth1288 06/26/18 3:56:36 PM #19: |
Darkman124 posted...
safe bet that when dems repeal with 51 votes, they'll leave this in. Lol "When" --- The person who writes for fools is always sure of a large audience. Friend Code: 2723-9696-7248 ... Copied to Clipboard!
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Webmaster4531 06/26/18 3:57:29 PM #20: |
Darkman124 posted...
safe bet that when dems repeal with 51 votes, they'll leave this in. Good. --- Ad Hominem. ... Copied to Clipboard!
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Samurontai 06/26/18 4:10:03 PM #21: |
Should have been churches only
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hockeybub89 06/26/18 4:11:37 PM #22: |
Evangelical Trump supporters will somehow be okay with this.
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RebelElite791 06/26/18 4:15:55 PM #24: |
Samurontai posted...
Should have been churches only --- https://imgur.com/MS5SvzN Take better care of your teeth and f***, a lot more. ... Copied to Clipboard!
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Fuparulez 06/26/18 4:16:10 PM #25: |
The Republicans, the party that's hard on big religion and wants everyone to pay their fair share, apparently.
--- It's the fat upper kitty area, and if you got one I wanna marry ya! ... Copied to Clipboard!
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EndOfDiscOne 06/26/18 4:22:33 PM #26: |
Honestly this seems like a logical extension of the Tax Cuts and Jobs Act (which itself is not very logical). If businesses can no longer pay for certain fringe benefits and deduct them as an expense, it makes sense that not-for-profits wouldn't be able to either. You can't target only certain types of exempt organizations with this.
The way these not-for-profits can avoid the tax is to pass it on to their employees. Include the cost in their gross wages, so the employee pays more taxes. Many businesses are doing this already. But parking is a tricky one if the employer owns the parking lot. --- I am the Cheese! I am the best character on the show! I am better than both the salami and the bologna COMBINED! ... Copied to Clipboard!
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Balrog0 06/26/18 4:30:03 PM #27: |
EndOfDiscOne posted...
If businesses can no longer pay for certain fringe benefits and deduct them as an expense, it makes sense that not-for-profits wouldn't be able to either. You can't target only certain types of exempt organizations with this. I mean, you definitely could, though whether or not it is wise or fair is a different story --- It's one more thing we do to the poor, the deprived: cut out their tongues . . . allow them a language as lousy as their lives ... Copied to Clipboard!
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krazychao5 06/26/18 4:30:12 PM #28: |
Per current IRS rules, parking is a De minimis fringe benefit if paid in excess of $255 a month to the employee and deductible to the employer. It does not state if the excess of parking paid by employer is included to the employee or if the total amount. One would then have to determine what the value of parking is, especially if the parking lot is owned by the tax exempt organization.
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creativerealms 06/26/18 4:31:20 PM #29: |
Something I agree with.
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prince_leo 06/26/18 4:38:55 PM #30: |
I support taxing churches and other faith equivalents, not sure about hospitals and colleges though
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Iodine 06/26/18 4:40:39 PM #31: |
What the hell? When did the GOP become in favor of taxing churches?
--- In Belichick we Trust ... Copied to Clipboard!
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Webmaster4531 06/26/18 4:41:30 PM #32: |
Iodine posted...
What the hell? When did the GOP become in favor of taxing churches? The One True God Trump wanted it. --- Ad Hominem. ... Copied to Clipboard!
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Drasilor 06/26/18 4:41:51 PM #33: |
Somehow libby hippies will hate this.
--- #mypresidentistrump ... Copied to Clipboard!
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A_Good_Boy 06/26/18 4:43:50 PM #34: |
Womp Womp
--- Who is? I am! ... Copied to Clipboard!
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