Monday, January 7, 2019

Interesting Side Effect of the Larger Standard Deduction for 2018

Not only is there no longer a tax advantage from paying mortgage interest, but keeping all those charitable contribution receipts from gifts to thrift stores is no longer useful.  Not a big change, but still nice.

3 comments:

StormCchaser said...

Yes, but... it will probably also result in a real cut in charitable spending and giving. I'd much rather my church have my money than the government - to do the same function helping the poor. But this changes the economics of that in a bad way.

Nikki Pratt said...

I don't think it will hurt the Christian charities as much as the liberal, money laundering ones. I read Congressman X and he wrote they were all using them as bribery fronts.

BFR said...

The economics of tithing have always been the same. It is one of the rare places whereby God directs us to test Him: “Put me to the test, says the Lord of hosts, if I will not open the windows of heaven for you and pour down for you a blessing until there is no more need” (Malachi 3:10)


He specifically said that He guarantees a blessing upon those who will tithe. And He is not whatsoever like a fickle government that will give and then take like Lucy with the football.

We should avoid using a civil government indulgence as the primary incentive to perform what God commands regarding the government of the Church.