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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:

  1. 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.

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  2. 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.

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  3. 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.

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