Do they save you significant money?
I believe it was $350 last year.
Do they save you significant money?
Prop 13 was a tremendous boon for taxpayers initially. It was promoted as reducing taxes on property for the individual. What it did not take into account is thst residential property sells, on average, every 5 years, and commercial property, every 20 years. Since it went into effect, most residential property has been sold, several times, often at inflated prices, and the 1% established meant higher taxes for people, not so much for banks. Not saying Prop 13 was/is bad, but it did not solve the problem. And, it gave politicians several ways to still increase taxes, special districts being one.CA has low property taxes due to Prop 13…details here
But they rape taxpayers at every other opportunity. 15% state income tax adds up fast when you have dual good incomes.
And let’s not forget the gas and energy prices…depending on the time of day, I was paying $0.45/kWh for power
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Or, we could just trim a TON of fat from the budget.If the government wants more tax monies, it can get rid of that ridiculous tax exemption churches enjoy right now!
Claiming it will "destroy the free exercise of religion" is the smelliest bullshit I've ever smelled!
But to be fair, here's both sides of the argument. I know which side I choose!
Should Churches Remain Tax Exempt? 12 Pros and Cons
Proponets say exempting churches from taxation upholds the separation of church and state. Opponents say churches receive special treatment from the IRS beyond what other nonprofits receive.churchesandtaxes.procon.org
100% agreed. And it's not like the people donating to those churches aren't already being taxed. Many good Christian citizens pay their taxes AND donate to their churches, so that's a might unfair to double tax that money, too.The reason they were given the exemption in the first place, is because they were doing things the government couldn’t or wouldn’t do - feed the homeless, clothe the needy, etc.
I think real churches that actually do The Lord’s work to help the community should be tax-exempt.
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If the government wants more tax monies,
It wouldn’t absolve companies of their tax burden for 20 years.
What kind of a tax break is Samsung getting for the Taylor chip facility?
The chip facility is getting a sweet deal.www.kvue.com
Thats right, for the first twenty years, a 92.5% property tax break.
The reason they were given the exemption in the first place, is because they were doing things the government couldn’t or wouldn’t do - feed the homeless, clothe the needy, etc.
I think real churches that actually do The Lord’s work to help the community should be tax-exempt.
100% agreed. And it's not like the people donating to those churches aren't already being taxed. Many good Christian citizens pay their taxes AND donate to their churches, so that's a might unfair to double tax that money, too.
What do you consider an expensive home?Some people make more, and don't buy expensive houses....
I support tax breaks for companies which are providing jobs and supporting local economies.
What do you consider an expensive home?
QFTOr, we could just trim a TON of fat from the budget.
And many do a great deal for the less fortunate. And more efficiently than govt. agencies.The reason they were given the exemption in the first place, is because they were doing things the government couldn’t or wouldn’t do - feed the homeless, clothe the needy, etc.
I think real churches that actually do The Lord’s work to help the community should be tax-exempt.
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A small percentage of the churches more businesses than churches? Yes. No denying. Churches are far more than charities. Charities only address the body. Church addresses the soul as well.You really believe government tax monies don't go to feeding the homeless, clothing the needy, etc.?
Just because people give them money doesn't mean they shouldn't have to pay taxes on it. I give other businesses my money for services, and they have to pay taxes on it. What's the difference?
Churches are more businesses than charities. They should pay taxes. It's about as outdated as blue laws...
Do they save you significant money?