Good News: New GOP Law Is Taxing Churches | Michael Stone

Good News: New GOP Law Is Taxing Churches | Michael Stone

That’s right, churches, synagogues, mosques, and other faith-based nonprofits will now have to pay a 21 percent tax on the benefits they offer employees, benefits like transportation, meals, and gym memberships.

The Hill explains:

Republicans eliminated tax breaks for employees’ fringe benefits in the 2017 law, signed by President Trump in December, to cover the cost of tax cuts for corporations and individuals. Because nonprofits don’t pay income taxes, lawmakers implemented a tax on the organizations’ fringe benefits.

via Patheos Good News: New GOP Law Is Taxing Churches | Michael Stone