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To: ptsal
Sunset the foundations.

Agree
Foundations, and other similar structures are Tax Shelters for the 1%,
They should pay their fair Share of taxes just like everybody else

One can contribute all you wish, but the contribution,
after some maximum, must be declared as taxable income
Say... ~$10,000

Or remove the Tax deductability of
ALL contributions to all non-profits
... Including... Ahem... Churches
ALL contributions to all foundations and the like
ALL contributions to politicians, and political parties
All contributions to Labor Unions

Adjust the tax schedule accordingly

8 posted on 11/24/2017 3:48:50 PM PST by HangnJudge
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To: HangnJudge

Flat tax 10 percent. No deductions of any kind...none. Sunset the dodges. ALL pay something...All!


15 posted on 11/24/2017 4:37:16 PM PST by Don Corleone (.leave the gun, take the canolis, take it to the mattress.)
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To: HangnJudge
I've got really mixed feelings. The vast majority of the smaller contributions to churches operate so much more efficiently than government programs and provide a very necessary check and balance.

I'd like to see a compromise which caps the deductible contribution at, say, $10,000 or a modest percent of income. Maybe 10% for those earning $250,000 or less, gradually decreasing to 1% (or less) for those earning over $5 million. Charitable contributions which even partially replace government handouts are a good thing.

19 posted on 11/24/2017 6:33:34 PM PST by Vigilanteman (ObaMao: Fake America, Fake Messiah, Fake Black man. How many fakes can you fit into one Zer0?)
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