- Joined
- Jan 29, 2013
- Messages
- 8,018
- Reaction score
- 54
- Points
- 48
Remember how Republicans worked to allow churches to politicize and pastors were excited to be able to endorse candidates from the pulpit? Well, it is now time for churches to (literally) begin paying the piper for such "freedom of religion/speech".
<snip>
Republican tax law hits churches: Some nonprofits could start paying taxes for the first time.
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.
<snip>
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are still unaware of the tax, more than 600 churches and other groups have already signed a petition demanding it be repealed.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.
Republican tax law hits churches: Some nonprofits could start paying taxes for the first time.