- Sep 19, 2020
Donald Trump’s proposed tax changes include doubling the standard deduction. Charities fear that this would lead fewer and fewer people to see a financial benefit from charitable giving and thus would cut that giving substantially.
Some of the nation’s largest and most prominent denominations, from the Roman Catholic Church to the Evangelical Lutheran Church in America to the Mormons, specifically bar or strongly discourage their clergy and churches from endorsing or campaigning for candidates. Any change to the Johnson Amendment wouldn’t affect those strictures.
The city of Rome is in financial trouble, and the new mayor had hoped that Pope Francis might come to its rescue by agreeing to pay municipal taxes on all church property throughout the city. People around the mayor are starting to think that was just wishful thinking.
As part of Pope Francis’s ongoing financial clean-up operation at the Vatican, the Holy See and Italy have entered into a new agreement that requires all individuals and entities with accounts at the so-called ‘Vatican bank’ to report income for Italian tax purposes.
The Catholic Church teaches that every human being has a right to health care, but it does not stipulate how that health care is to be provided, and advocates of a single-payer system need to be more honest about its drawbacks.
The Italian Church netted $1.3 billion from its share of income taxes that go to religious groups, according to the latest annual data, while in Germany the figure is a staggering $6 billion. That means German and Italian support for the Vatican is inflated by tax dollars, while American offerings come from voluntary contributions.