Monday, March 2, 2009

Government Moves To Control Charities

Did you know?

In the latest legislation being pushed through congress, those making over $250K cannot claim as much charitable giving as they once did. In other words, if you normally give a lot to charity, and claim it on your taxes (because it is a good deduction and you get it back, thus helping reduce your tax burden) you will not get as much back as you once did.

Why is that? So the government can get more of your money, of course.

However, administration officials say that it is because the government has written more charitable giving into the legislation, so Americans are not ‘burdened’ with it.

Ah yes. So, like the banks, if you are a charity organization, you can get money from good old Barney Frank.

But at what cost?

The revolution is at hand. Will you be a leader or a follower?

1 comment:

  1. I saw this on the news this morning. The swiftness of the government coming in and controlling everything is incredible. It is happening quicker than Americans can keep up with. The seed of Socialism is beginning to bloom.