Free Republic
Browse · Search
Smoky Backroom
Topics · Post Article

To: pigdog

PIGDOG:  Totally untrue!!! Church expenses in their "normal course of business" are tax free by use of the tax free cerificate the church would have.
---------------------------------------------------

Well it usually takes a minimum of two years for you to understand, but you will one day.  Let's start the long process.  Here is the fairtax bill concerning not-for-profits (which includes churches):

`SEC. 706. NOT-FOR-PROFIT ORGANIZATIONS.

(OK, so contributions are not taxed, we both agree)

(Definition, nothing controversial here)

(Not really explained here what these certificates are for.  They should reference some paragraph to explain.  I assume they are used for paragraph (e) purchases below.  Poorly written law.)

(If church provides a good or service for contribution, then must charge fairtax on fair market value.  That makes some sense.)

(OK, here is the part that will take pigdog a long time to understand.  This exemption is not for "normal course of business" exemptions, despite what pigdog claims.  The exemption is for section 102 purchases.  What is Section 102 you ask:

`SEC. 102. INTERMEDIATE AND EXPORT SALES.

(So Churches are exempt only for items they purchase for intermediate or export sales.  Not for their normal course of business.  Pigdog is wrong as usual and will not admit it for years.  He will act ignorant and tell everyone else they are dumb.  None of his fairtax buddies will correct him because they don't care that lies are spread to promote it.  This is the same old song and dance that has been going on forever on these threads.  Fairtaxers make false claims and never correct them.  Or in the rare instances they do, it takes literally years.)

 

748 posted on 10/24/2006 10:59:29 AM PDT by Always Right
[ Post Reply | Private Reply | To 743 | View Replies ]


To: Always Right; pigdog
Here it is straight from the AFT's current economist/house boy, Kotlikoff:
"The FairTax taxes non-profits’ sales of goods and services to individuals and their purchases of goods and services that are not sold on to individuals, including capital goods."


Kotlikoff's data shows nonprofit organizations (religious and welfare) paying $36 billion in FairTax on their non-wage final consumption expenditures (including capital spending).
779 posted on 10/24/2006 12:32:08 PM PDT by Your Nightmare
[ Post Reply | Private Reply | To 748 | View Replies ]

Free Republic
Browse · Search
Smoky Backroom
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson