Donald Fail

via Group Captain Lionel Mandrake https://worldyturnings.wordpress.com/blog/

Introduction.  As we gear up for another April 15 to pay our taxes while illegal non-taxpayers get loaded Debit cards from legal taxpayers, it is good to remember why good nonprofit organizations and places of worship are dying a slow death (and it’s not all from more non-believers). 

This article will not go into the more visible disasters of his own creation like Operation Warp Speed which, regardless of what DJT says, has and continues to be the main reason for excess deaths ranging from 10-15% annually worldwide.  And, no Mr. Trump.  You have not “saved” billions of lives.  Maybe killed a few million or billion.  But saved?  I don’t think so.

Nor will I mention the strengthening of the Deep State by hiring operatives like the Junk Mail King Mike Pence, Nikki Haley, General Alexander Milley, William Barr, Christopher Wray and ex Hollywood mogul Steve Mnuchin.

I want to discuss something that nobody else is talking about.  Mr. Trump, are you listening?

Hint:   You are likely in the 90% that will not get a tax break for any of your donations to charitable causes like Churches, Synagogues, local food banks and community help organizations.  And, the guy next door who never donates to help others has been incentivized by Trump to do so. 

The Hit

In December 2017, Trump’s Tax Cuts and Jobs Act (TCJA) was signed into law, representing the most significant tax code overhaul in over three decades.  It was designed by Steve Mnuchin (IRS reports to him at Treasury Department) and approved by President Trump. The goal was to nearly eliminate itemized deduction people and has been a resounding success.  They did this with a simply ploy – raise the standard deduction to such a level that nobody gets over the fence to get a charitable deduction.   The hurdle is so high that 90% of Americans simply take the standard deduction.

As a result of the TCJA, you need to have more than the standard deduction noted below to get a break. And, as if 90% of taxpayers that don’t itemize isn’t quite enough, they want to push that number even higher for 2023 tax year:

Prior to the new tax law change, nearly 1/3 of Americans itemized and took advantage of charitable deductions. After the IRS rule change of the Trump Administration, this dropped more by more than 300% to around 10% (all income groups).   Some people think that the itemizers will drop to only 5% of American taxpayers in just a few years.

While we cannot say how much of an effect that has had on a per capita basis, it is more than likely that the effect can only be a negative one for this plain economic fact:  you get less economic activity if you tax it.

Situation Report. Charitable contributions have declined substantially. Whats taking up some of the massive slack? Liberal and Leftist giving to causes that are not exactly what Trump and his supporters have in mind.

The wealthy did get a lot wealthier in the last few years. Most of wealth transfer has been to Liberals and has been huge in the last few years (mainly Covid related Big Tech).   The charities they contribute to may not be in the best interest of America.  Like charities devoted to transgenderism and Climate Change and Black Lives and all that.

As for those charities that aren’t yet WOKE? Well, if they are to remain financially viable, they must move to the Left to keep getting the dough.    As I have said many times before, the Left plays Chess and we are at still at our Checkers game.

It remains a long standing fact about Americans that most don’t contribute to charity solely or even primarily for a tax deduction.  We are truly unique in the world on that front, especially the evangelicals in the South.   We contribute 7X more than the average European. But it does have an effect on even these people, hit hard by Covid nonsense and the poor economy.  This will likely continue to be a net negative for Churches and other charities unless something is done to change our tax code. Over time, it will play havoc with religious organization funding already in the tank.

The Fix is In

The IRS Fix is killing already faltering Churches and good nonprofit organizations whose activities will be replaced by an ever more powerful government.   I hope it is not the final nail because that would have horrific consequences for America, as if we need more consequences these days.

As a result of yet one more Trump Deep State led debacle, if you are the typical American, you are now in the 90% that filed without getting credit for charitable contributions to your Church (tithing) or to other good non-profits doing things that the Government should not do but will be doing more and more.  Using Trumps favorite word, this is a Disaster.

This tax law change will lead to devastating consequences that can economically destroy already weakened faith based institutions – while at the same time strengthening an ever more powerful Government that will step in the gap and be asked to do what the bankrupted churches and non profit organizations used to do.  Maybe even get your vote for doing so.

It’s a basic tenet of Marxism to have only one God and that one God you shall trust is not the God of Abraham, Moses and Jesus Christ. It’s not even Buddha or Muhammad. It’s the Government.  So, do everything possible to close them down.

Thank you Donald Trump. Or, should I say his Hollywood Mogul friend and Treasury Chief Steven Mnuchen, selected by the Donald, who helped develop the rules under the guise of helping the IRS so they would not have to sift through all those itemized donations.

You see, with people taking legitimate donations that must be reviewed and verified it gets really hard to do all that more important IRS work targeting political enemies.   So, with all the backlog because of the insanity of the United States tax laws, IRS staff went on long Covid vacations, then turned off the phone and pushed legislation under guise of a tax cut to kill faith based organizations already hurting.

And, that’s what convinced Trump to move forward on the “tax reform”.

It’s hard to fathom how Trump could miss the ulterior motives of Mnuchin and the Deep State. But on this one, maybe most far reaching Deep State success other than Warp Speed, I believe he did.

It’s just one of the many little steps over a long march that brings in Communism.

What to Do?

Until this egregious law is changed, keep giving as you are able, especially to your conservative faith based organization (they still remain) and legitimate Anti-Great Resetting organizations that may otherwise go bankrupt due to the actions of an Atheist Deep State.

When you get a request of money for faith based or good nonprofit organizations in the mail, instead of or in lieu of just sending the cash, maybe add a note to educate them about why their donations have taken a hit since 2018.    Tell them to contact their Congressman to reduce the standard deduction back to pre-2018 levels because in times like these, we need to encourage people to donate to good conservative causes.

The Trump/Mnuchin Tax Act does exactly the reverse.

Sic Semper Tyrannis

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Author: tr4head

Economy, Social Issues, Politics, History, Science NonFiction, Religion View all posts by tr4head