g5000
Diamond Member
- Nov 26, 2011
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No one said that.Another OP that assumes all Trump supporters are religious republicans.
However, 80 percent of evangelicals voted for Trump.
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No one said that.Another OP that assumes all Trump supporters are religious republicans.
GOOD! I agree 100% with it. I think it needs to go further! I am tired of seeing these hypocrites with their mansions and private jets not paying any taxes because they are preachers and pastors....its BS.Oops! I guess Republicans had to pass the bill before they knew what was in it!
Republican tax law hits churches
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 also means political peril for lawmakers, many of whom were surely unaware of the provision when they approved the tax plan. Churches’ tax-exempt status, in particular, has long been considered sacrosanct and Republicans are relying on the faithful to back them in the November elections.
So what?This new tax bill also affects employees at ordinary businesses, not just churches.Oops! I guess Republicans had to pass the bill before they knew what was in it!
Republican tax law hits churches
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 also means political peril for lawmakers, many of whom were surely unaware of the provision when they approved the tax plan. Churches’ tax-exempt status, in particular, has long been considered sacrosanct and Republicans are relying on the faithful to back them in the November elections.
Because those organizations don’t pay income taxes, lawmakers couldn’t take away fringe-benefit deductions. So instead they created a 21 percent tax on the value of some of nonprofit employees’ benefits.
The main benefits affected are transportation-related, like free parking in a lot or a garage and subway and bus passes. It also targets meals provided to workers and, in some circumstances, may affect gym memberships.
Some of the perks you receive at work are now going to be taxed as income.
No it isn't. These are new taxes on fringe benefits which were tax exempt before now.So what?This new tax bill also affects employees at ordinary businesses, not just churches.Oops! I guess Republicans had to pass the bill before they knew what was in it!
Republican tax law hits churches
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 also means political peril for lawmakers, many of whom were surely unaware of the provision when they approved the tax plan. Churches’ tax-exempt status, in particular, has long been considered sacrosanct and Republicans are relying on the faithful to back them in the November elections.
Because those organizations don’t pay income taxes, lawmakers couldn’t take away fringe-benefit deductions. So instead they created a 21 percent tax on the value of some of nonprofit employees’ benefits.
The main benefits affected are transportation-related, like free parking in a lot or a garage and subway and bus passes. It also targets meals provided to workers and, in some circumstances, may affect gym memberships.
Some of the perks you receive at work are now going to be taxed as income.
It's already the case for every other business
Tax-free employee fringe benefits include:
parking expense assistance (tax free to employees, but not deductible by employers during 2018 through 2025)
commuting benefits (tax-free to employees, but not deductible by employers during 2018 through 2025)
Moving expenses. In the past, employees who moved over 50 miles for their current job (not a new job) could receive tax-free reimbursement from their employer for their moving expenses. The Tax Cuts and Jobs Act made this fringe benefit taxable for 2018 through 2025.
Bicycle commuting. Until 2018, employers could also provide up to $20 per month to employees who commuted to work by bicycle. The Tax Cuts and Jobs Act makes this benefit taxable to employees during 2018 through 2025.
No it isn't. These are new taxes on fringe benefits which were tax exempt before now.So what?This new tax bill also affects employees at ordinary businesses, not just churches.Oops! I guess Republicans had to pass the bill before they knew what was in it!
Republican tax law hits churches
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 also means political peril for lawmakers, many of whom were surely unaware of the provision when they approved the tax plan. Churches’ tax-exempt status, in particular, has long been considered sacrosanct and Republicans are relying on the faithful to back them in the November elections.
Because those organizations don’t pay income taxes, lawmakers couldn’t take away fringe-benefit deductions. So instead they created a 21 percent tax on the value of some of nonprofit employees’ benefits.
The main benefits affected are transportation-related, like free parking in a lot or a garage and subway and bus passes. It also targets meals provided to workers and, in some circumstances, may affect gym memberships.
Some of the perks you receive at work are now going to be taxed as income.
It's already the case for every other business
For example, commuting benefits and free parking were tax exempt for all employees of all businesses until now. Under this new tax plan, they are no longer tax exempt.
This doesn't affect just churches. It affects everyone who receives these fringe benefits as part of their job.
No it isn't. These are new taxes on fringe benefits which were tax exempt before now.So what?This new tax bill also affects employees at ordinary businesses, not just churches.Oops! I guess Republicans had to pass the bill before they knew what was in it!
Republican tax law hits churches
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 also means political peril for lawmakers, many of whom were surely unaware of the provision when they approved the tax plan. Churches’ tax-exempt status, in particular, has long been considered sacrosanct and Republicans are relying on the faithful to back them in the November elections.
Because those organizations don’t pay income taxes, lawmakers couldn’t take away fringe-benefit deductions. So instead they created a 21 percent tax on the value of some of nonprofit employees’ benefits.
The main benefits affected are transportation-related, like free parking in a lot or a garage and subway and bus passes. It also targets meals provided to workers and, in some circumstances, may affect gym memberships.
Some of the perks you receive at work are now going to be taxed as income.
It's already the case for every other business
For example, commuting benefits and free parking were tax exempt for all employees of all businesses until now. Under this new tax plan, they are no longer tax exempt.
This doesn't affect just churches. It affects everyone who receives these fringe benefits as part of their job.
BFD
They shouldn't be tax exempt.
Compensation is compensation
It's pretty well known around here I am against all deductions, exemptions, and credits. There are $1.4 trillion of these government gifts given away each year, and that causes our tax rates and our borrowing to be much higher than they need to be.No it isn't. These are new taxes on fringe benefits which were tax exempt before now.So what?This new tax bill also affects employees at ordinary businesses, not just churches.Oops! I guess Republicans had to pass the bill before they knew what was in it!
Republican tax law hits churches
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 also means political peril for lawmakers, many of whom were surely unaware of the provision when they approved the tax plan. Churches’ tax-exempt status, in particular, has long been considered sacrosanct and Republicans are relying on the faithful to back them in the November elections.
Because those organizations don’t pay income taxes, lawmakers couldn’t take away fringe-benefit deductions. So instead they created a 21 percent tax on the value of some of nonprofit employees’ benefits.
The main benefits affected are transportation-related, like free parking in a lot or a garage and subway and bus passes. It also targets meals provided to workers and, in some circumstances, may affect gym memberships.
Some of the perks you receive at work are now going to be taxed as income.
It's already the case for every other business
For example, commuting benefits and free parking were tax exempt for all employees of all businesses until now. Under this new tax plan, they are no longer tax exempt.
This doesn't affect just churches. It affects everyone who receives these fringe benefits as part of their job.
BFD
They shouldn't be tax exempt.
Compensation is compensation