Posted on 02/05/2018 5:14:16 PM PST by Pontiac
Are they going to have charities replace government workers?
Are they somehow going to get the charities to give the government the money that home owners give to them?
This just sounds weird.
Read the whole article with out the pay wall
http://www.4-traders.com/news/Gov-Dannel-Malloy-Offers-Plan-To-Ease-Connecticut-Tax-Burden—25935532/
Mandatory Charitable Contributions ,give or go to Jail ?
How about cutting your spending and lowering your taxes?
Does this sound like a money laundering scheme by the state to anyone?
California has already put this in place ( and no, you just don't understand how this is supposedly supposed to work ) and when the talk about this first hit the fan, it was laughed at by the IRS.
“Instead of funding municipal services through property taxes, cities and towns would tap a mix of property taxes and money raised from the charitable organizations, under Mr. Malloys proposal. Details of the plan havent been fully established.”
Lol, a complete loser trying to bail a sunk ship.
They were too busy laughing.
Psshhhh! Reduce taxes!? Cut Spending!? Hogwash man!
That legal fiction won’t work. It is a tax, not a charitable donation. Mallow is a complete a$$hole and his plan is stupid.
As my father would say...........
That dog don’t hunt
Why does not this idiot RAT just reduce spending? Sorry, not a proper question for a RAT.
Duh!
Golly, well just look at that. Those dag gum libs are just sooooo much smarter than anyone else. /s
Let me guess, it does not involve cutting state and local taxes. Sad
Cool. If I were paying property tax,I’d just elect not to donate to the charity, and not to pay the like amount of offset to the property taxes.
Nope, it won't!
You still owe the full tax bill ... With no deductions.
No, mandatory Charitable Contributions AND go to jail.
What he is proposing would be defrauding the IRS.
I dont think you get the problem the governor is trying to resolve.
Connecticuts property taxes are high because it was possible to right off those taxes on your Fed Income Tax.
But the Trump tax cut plan now limits that right off to $10K so the rich in CN are now feeling the bite of their high property taxes.
However, the Trump plan left right offs on Charity unlimited. Thus, the Governors idea to find a way to change charity contributions in to state and local tax income.
But to me it sounds like a local and state government plan to defraud the Federal government.
But somehow the governor is going to have to find Federal approved charities willing to cooperate in the fraud. Who would be that stupid? I dont know.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.