Talk of The Villages Florida - What if we collected taxes from

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Posted by Guest (Post 481507)

Big isn't always bad, Bucco. But what is bad is big combined with a tepid and ineffective regulatory structure. Unfortunately, that's what we have. Dodd-Frank is a joke. It doesn't provide the regulatory structure that I think is necessary and in fact the complicated regulations it does require tends to drive the smaller, community banks out of business, making the largest banks even larger. (That's what they wanted, of course, and that's what they got as the result of their lobbyists payments to members of Congress.)

I know that the vast majority of those on the right have ObamaCare squarely in their sights. But really, the law that has the potential of creating another life-changing crisis in the near term is Dodd-Frank. But nary a word about overturning that abomination. And unfortunately, the critics don't understand our financial regulatory structure and better than they understand the contents of ObamaCare.

It iis interesting how you rail against Republicans all the time, and in this case on Dodd-Frank, the Republicans ARE and HAVE been trying to get this thing "fixed". HOWEVER, your wonderful Democratic party says...well..

"Treasury Secretary Timothy Geithner is warning that if GOP lawmakers continue their push to roll back portions of the Dodd-Frank financial reform law, it could "critically undermine" the ability to prevent damaging future crises.

In a letter sent to lawmakers Tuesday, Geithner blasted a package of measures set to be considered by the House Financial Services Committee on Wednesday, including a pair that would repeal or trim key pieces of the Wall Street makeover.

"The act provides essential reforms that should not be weakened or repealed," he wrote to committee Chairman Spencer Bachus (R-Ala.) and ranking member Rep. Barney Frank (D-Mass.)."

Geithner: Hands off Dodd-Frank - The Hill's On The Money

And I think the Republicans actually have legislation to change parts of it already in the works.

Render unto Caesar

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Posted by Guest (Post 480875)

What if we collected taxes from ..................................

THE CATHOLIC CHURCH !!!!!!!!!!!!!!!!!!!!!!!!!

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Posted by Guest (Post 480887)

Is that the ONLY church we should collect from ?

I ask because you were so specific !!!!!!!

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Posted by Guest (Post 480893)

ALL religious institutions that currently do not pay taxes.

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Posted by Guest (Post 480902)

coralway - religious institutions benefit from specific irs exclusion - al sharpton does not! al owes his taxes NOW...religious institutions will only owe them if and when exclusions are legally changed.

IRS tax exempt status for religious organizations is predicated on the institution compling with Federal law/IRS rules. One rule prohibits partisan politics. I (Jim) believe churches should not avail themselves of the exemption. Church leaders would then be free to say anyhting from the pulpit without fear of losing their tax exempt status.

In turn, members would not be able to take tax deductions for their contributions. That seems right in view of the Bible's admonition to, "render unto Caesar,that which is Caesar's" and to give your "alms in secret that you may be rewarded" secretly.