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State revenue authorities collect prepayment of church tax (and income tax) from self-employed persons and unemployed taxpayers. If, however, religious communities choose to collect church tax themselves, they may demand that the tax authorities reveal taxation data of their members to calculate the contributions and prepayments owed.
A church plan is a retirement plan established and maintained by a tax-exempt church, a convention of churches, or an association of churches for its employees. [7] [8] Church plans are not subject to the Employee Retirement Income Security Act of 1974 (ERISA) unless it voluntarily makes an irrevocable election to be subject to ERISA. [9] [10]
Churches and religious non-profits are something of a special case, because the First Amendment to the U.S. Constitution forbids the government making a law "respecting an establishment of religion," and also forbids "prohibiting the free exercise thereof [that is, of religion]." The First Amendment originally bound only the U.S. Federal ...
Retirement is billed as a time with no work and no worries, but there might be a few worries when you discover how much each of your income sources gets taxed. Unfortunately, being retired doesn't...
Jones noted, however, that the proposal includes a clause that would allow churches to use non-contiguous property for the benefit of the program if the church owned the property prior to bill’s ...
Are America's churches preventing NASA from winning the space race? Given SpaceX's recent completion of the first-ever privately run mission to the International Space Station, and NASA's wildly ...
On November 5, 2007, United States Senator Chuck Grassley announced an investigation into the tax-exempt status of six ministries under the leadership of Benny Hinn, Paula White, Eddie L. Long, Joyce Meyer, Creflo Dollar, and Kenneth Copeland by the United States Senate Committee on Finance.
The next-best states to live in as a retiree, at least in regard to income taxes, are the following four, because while they do sport income taxes, they do not tax retirement income: Illinois Iowa