Comments - Rebuild the Infra-Structure by Taxing Ignorance - TBD2024-03-28T13:06:58Zhttp://teebeedee.ning.com/profiles/comment/feed?attachedTo=1991841%3ABlogPost%3A1514942&xn_auth=noI'm still waitin' on 40 acres…tag:teebeedee.ning.com,2013-04-06:1991841:Comment:15168642013-04-06T01:31:53.646ZLilrainhttp://teebeedee.ning.com/profile/Lilrain
<p>I'm still waitin' on 40 acres and a mule! No telling what kinds of things are in our food supply. No wonder cancer is rampant.</p>
<p>I'm still waitin' on 40 acres and a mule! No telling what kinds of things are in our food supply. No wonder cancer is rampant.</p> In Germany church contributio…tag:teebeedee.ning.com,2013-04-06:1991841:Comment:15166442013-04-06T01:10:16.035ZLip Servicehttp://teebeedee.ning.com/profile/LipService
<p>In Germany church contribution/membership is taxed.</p>
<p>You might be interested in that report</p>
<p><a href="http://www.marketplace.org/topics/world/many-german-christians-quit-church-avoid-tax">http://www.marketplace.org/topics/world/many-german-christians-quit-church-avoid-tax</a> </p>
<p>In Germany church contribution/membership is taxed.</p>
<p>You might be interested in that report</p>
<p><a href="http://www.marketplace.org/topics/world/many-german-christians-quit-church-avoid-tax">http://www.marketplace.org/topics/world/many-german-christians-quit-church-avoid-tax</a> </p> Value added or transaction ta…tag:teebeedee.ning.com,2013-04-04:1991841:Comment:15156002013-04-04T04:32:13.274ZAggiehttp://teebeedee.ning.com/profile/Aggie
<p>Value added or transaction tax would put my farm out of business because income in a good year is less than half of one percent of its value of investment. I have not had a good year in a long time and feel the family farm in my family since 1869 will be sold when I am gone.</p>
<p>Value added or transaction tax would put my farm out of business because income in a good year is less than half of one percent of its value of investment. I have not had a good year in a long time and feel the family farm in my family since 1869 will be sold when I am gone.</p> I would generally favor a tax…tag:teebeedee.ning.com,2013-04-04:1991841:Comment:15153212013-04-04T00:26:29.854ZMandy Muffinhttp://teebeedee.ning.com/profile/MandyMuffin
<p>I would generally favor a tax on corporations and institutions that uses a value added approach, regardless of profits. I would also tax transactions rather than personal income. But this would require tax law changes.</p>
<p>However, the current tax system only collects 84% of the taxes due. The gap is estimated to be well over $500 billion dollars a year. Instead of fighting over new taxes, I would think it would be productive to find a way to better collect those taxes that are…</p>
<p>I would generally favor a tax on corporations and institutions that uses a value added approach, regardless of profits. I would also tax transactions rather than personal income. But this would require tax law changes.</p>
<p>However, the current tax system only collects 84% of the taxes due. The gap is estimated to be well over $500 billion dollars a year. Instead of fighting over new taxes, I would think it would be productive to find a way to better collect those taxes that are actually due under current tax law. Some proposals have been made to have the IRS determine what people owe and calculate their taxes for them. Of course, there would be an appeal procedure. Under the current system the tax preparation is left to the individual and many don't pay their taxes hoping they slip through the cracks or can negotiate reduced taxes at a later date. </p>
<p>As far as churches and charities are concerned, the folks who work for them must pay income taxes on their wages. </p> I know. It's pitiful.tag:teebeedee.ning.com,2013-04-03:1991841:Comment:15153772013-04-03T22:48:11.902ZMother Sanity (JackieRodzinski)http://teebeedee.ning.com/profile/JackieRodzinskiMotherSanity
I know. It's pitiful.
I know. It's pitiful. The US tax code taxes profits…tag:teebeedee.ning.com,2013-04-03:1991841:Comment:15153652013-04-03T22:25:07.152ZMandy Muffinhttp://teebeedee.ning.com/profile/MandyMuffin
<div class="xg_user_generated"><p>The US tax code taxes profits, not income. During the past couple of years of economic downturn, many US corporations had billions in income but made no profits. They paid no taxes. Churches are only a small part of the large number of institutions that fall under the protection of the 501 (c) section of the income tax law. <a href="http://en.wikipedia.org/wiki/501%28c%29" rel="nofollow" target="_blank">http://en.wikipedia.org/wiki/501%28c%29</a>. Again,…</p>
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<div class="xg_user_generated"><p>The US tax code taxes profits, not income. During the past couple of years of economic downturn, many US corporations had billions in income but made no profits. They paid no taxes. Churches are only a small part of the large number of institutions that fall under the protection of the 501 (c) section of the income tax law. <a rel="nofollow" href="http://en.wikipedia.org/wiki/501%28c%29" target="_blank">http://en.wikipedia.org/wiki/501%28c%29</a>. Again, all of these institutions may have huge incomes but their accounting techniques have no place for profit. Their intent is to share any excess with the members of their organization, charity contributions and keeping reserves for future good deeds. According to the law they are not allowed to engage in politics of any kind. </p>
<p>Probably the biggest religious institution in America is the Roman Catholic Church, with a huge networks of charities, health care facilities, schools, etc that all operate on a non-profit basis. I don't think you can find anywhere in their charter that they were ever commissioned by their founders or leaders to make a profit. </p>
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