https://www.mcclatchydc.com/news/politics-government/article215653425.html
Some complain that complying with paying taxes is too complicated for churches.
It's difficult & expensive to handle the procedures.
Welcome to the world the rest of us live in..
This is a good change.
Let's hope that it survives the next election cycle.
Tucked away in the new tax law congressional Republicans passed late last year with no Democratic support is a provision slapping certain nonprofits and charities, including houses of worship, with a 21 percent tax on the value of some employee benefits.
The expectation is the tax would relate to parking spaces and public transit passes. But those affected by the provision are genuinely unsure what exactly would qualify as a taxable expense because they still haven’t received official guidance from the Treasury Department.
“It has a fairly narrow impact in America, and it is about treating a nonprofit hospital the same way you treat a for-profit hospital, making sure the Gates Foundation or some other doesn’t have an advantage over a private sector business when competing for workers,” he said.
“People call it a tax on churches and charities. There is no tax on churches and charities,” said Rep. Tom Rice, R-South Carolina. “What we’ve said is, ‘We’re trying to make things fair across the board. So organizations — all organizations, for-profit, nonprofit, everybody that gives their employees free stuff, we’re trying to make it equal.’”
Some complain that complying with paying taxes is too complicated for churches.
It's difficult & expensive to handle the procedures.
Poor babies!The new tax on the value of employee benefits means that many institutions are going to have to prepare tax forms for the very first time — a convoluted and potentially costly exercise.
“Most churches do not have the sophistication that’s necessary to deal with the tax code,” Clyburn told McClatchy. “Small churches that exist in communities I represent … don’t operate as businesses. They’ve never operated as businesses.”
Welcome to the world the rest of us live in..
This is a good change.
Let's hope that it survives the next election cycle.