What if.....
Results 1 to 10 of 331

Thread: What if.....

Hybrid View

Previous Post Previous Post   Next Post Next Post
  1. #1
    Senior Member
    Join Date
    Dec 2013
    Location
    Brooklyn Center MN
    Posts
    867
    The big question is, can the charities servieve when there is no tax deduction for people, business to write off. The church’s may do all right. How about the colleges, schools soup kitchens that depend on people and business that donate large and small sums of money for research or for building infrastructure at the schools. What would be the consequences of people that fund scholarships. A flat tax is a nice sound bite, but one has to consider the larger picture of how and what deductions are tied to. With a flat tax would the now non profits be required to pay a flat tax on donations and grants? Much more complicated than what we can fix hear.

  2. #2
    Senior Member 53driver's Avatar
    Join Date
    Aug 2014
    Location
    Milton, FL
    Posts
    5,041
    Quote Originally Posted by Sorcerer View Post
    The big question is, can the charities servieve when there is no tax deduction for people, business to write off. The church’s may do all right. How about the colleges, schools soup kitchens that depend on people and business that donate large and small sums of money for research or for building infrastructure at the schools. What would be the consequences of people that fund scholarships. A flat tax is a nice sound bite, but one has to consider the larger picture of how and what deductions are tied to. With a flat tax would the now non profits be required to pay a flat tax on donations and grants? Much more complicated than what we can fix here.
    Oh, I can "FIX" a lot of stuff - it's just that no one wants to play along!

    I think we'd be surprised at how much "overhead" and excessive jobs actually exist in "many" of those institutions you mention.
    We can start with the Clinton Foundation......

    Now, I'm all about people giving back to the community and if they choose to truly donate their money - they should not be benefitting other than the endorphins for the mental moral goodness they have done.
    We have too many colleges as it is - that herd needs thinning anyway.
    Public schools & soup kitchens are generally gov't funded - minimal impact there. And of course, if someone or some business wants to be TRULY altruistic, that's their prerogative.

    "True generosity" and "tax deductions" should be morally (AND legally) exclusive of each other. My $0.02

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •