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catbyte

(34,447 posts)
Tue Jun 26, 2018, 06:24 PM Jun 2018

Winning! So much winning, Part Deux: Republican tax law hits churches

Whoopsie!

By BRIAN FALER

06/26/2018 05:05 AM EDT

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.

.........snip

https://www.politico.com/story/2018/06/26/republican-tax-law-churches-employees-670362
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Maybe now they'll read the bill they rammed through. Meh, too much to hope for.

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Winning! So much winning, Part Deux: Republican tax law hits churches (Original Post) catbyte Jun 2018 OP
I don't care about the churches or the fake "non profits" It's the true non profits that I worry mucifer Jun 2018 #1
This is all so corporations and the uber rich get to pay LESS donkeypoofed Jun 2018 #2
It is going to hurt charities big time though. Demsrule86 Jun 2018 #3
Whose idea was that? Cha Jun 2018 #4
Now that is decidedly unChristian ProudLib72 Jun 2018 #5

mucifer

(23,565 posts)
1. I don't care about the churches or the fake "non profits" It's the true non profits that I worry
Tue Jun 26, 2018, 07:10 PM
Jun 2018

about or the churches that really do give back to the communities.

donkeypoofed

(2,187 posts)
2. This is all so corporations and the uber rich get to pay LESS
Tue Jun 26, 2018, 08:03 PM
Jun 2018

Anybody tired of winning yet? The rich are getting richer and churches and hospitals and non-profits have to pay tax! Disgusting.

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