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Keyword: churchtaxes

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  • Religious leaders hit GOP tax law after it imposes new tax

    06/26/2018 6:50:45 AM PDT · by GIdget2004 · 20 replies
    The Hill ^ | 06/26/2018 | Jacqueline Thomsen
    Religious leaders are slamming the new GOP tax law after the measure required them to start paying a tax on some of the fringe benefits religious institutions offer to employees. Politico reported Tuesday that the new tax law requires the groups to start paying a 21 percent tax on some of the benefits, including those for transportation, meals and potentially gym memberships. Republicans eliminated tax breaks for employees' fringe benefits in the law to cover the cost of tax cuts for corporations and individuals. Because nonprofits don’t pay income taxes, lawmakers implemented a tax on the organization's fringe benefits. Religious...