User talk:Roger A. Lohmann: Difference between revisions
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== Nonprofit_corporation == | == Nonprofit_corporation == | ||
Hi Roger! I was looking briefly over [[Nonprofit_corporation]] and wondering where we might include something about recent changes in U. S. tax laws that affect charitable organizations, whereby it is more difficult for donors actually to end up deducting their charitable contributions. I can't remember how it was done, under Trump, but it seems like they just made it so that there is no payoff for giving to charity in terms of tax write-offs for most people. Is that right? Is this covered in any of the business articles in The Citizendium that you know of? Or if not, where would we want to summarize the tax changes made under Trump? Or am I opening a horrible can of worms?[[User:Pat Palmer|Pat Palmer]] ([[User talk:Pat Palmer|talk]]) 02:55, 24 December 2020 (UTC) | Hi Roger! I was looking briefly over [[Nonprofit_corporation]] and wondering where we might include something about recent changes in U. S. tax laws that affect charitable organizations, whereby it is more difficult for donors actually to end up deducting their charitable contributions. I can't remember how it was done, under Trump, but it seems like they just made it so that there is no payoff for giving to charity in terms of tax write-offs for most people. Is that right? Is this covered in any of the business articles in The Citizendium that you know of? Or if not, where would we want to summarize the tax changes made under Trump? Or am I opening a horrible can of worms?[[User:Pat Palmer|Pat Palmer]] ([[User talk:Pat Palmer|talk]]) 02:55, 24 December 2020 (UTC) | ||
::Actually, it's more complicated (and dynamic) than that. As I understand it, the original Trump tax relief bill took the charitable deduction away completely for those who don't itemize, but the CARES act restored it (temporarily or permanently, I'm not sure.) My accountant tells me also that for this year at least, the 20% ceiling on total deductions was raised to 60%. Adding something on that here and elsewhere (e.g., in fundraising) is a great idea, but I will need to confirm all this before writing it up. I'll get started on it and see what turns up. | ::Actually, it's more complicated (and dynamic) than that. As I understand it, the original Trump tax relief bill (2017?) took the charitable deduction away completely for those who don't itemize, but the CARES act restored it (temporarily or permanently, I'm not sure.) My accountant tells me also that for this year at least, the 20% ceiling on total deductions was raised to 60%. Adding something on that here and elsewhere (e.g., in fundraising) is a great idea, but I will need to confirm all this before writing it up. It is a bit of a can of worms, but definitely not a horrible one; just a bit tricky. I'll get started on it and see what turns up. | ||
[[User:Roger A. Lohmann|Roger A. Lohmann]] ([[User talk:Roger A. Lohmann|talk]]) 03:04, 24 December 2020 (UTC) | [[User:Roger A. Lohmann|Roger A. Lohmann]] ([[User talk:Roger A. Lohmann|talk]]) 03:04, 24 December 2020 (UTC) | ||
Revision as of 21:06, 23 December 2020
Time to start a new talk page. Roger A. Lohmann (talk) 22:53, 7 October 2020 (UTC)
rain garden photos
I added a couple of photos to Rain garden, but I'm not all that happy with them. If you decide not to keep them, please just remove them from the wiki (or ask me to). I think I can get better ones but these two are close to my house. Also, they look prettiest in spring and early summer. Anyway, don't feel obligated to keep these or use them in the article.Pat Palmer (talk) 18:07, 11 October 2020 (UTC)
Nonprofit_corporation
Hi Roger! I was looking briefly over Nonprofit_corporation and wondering where we might include something about recent changes in U. S. tax laws that affect charitable organizations, whereby it is more difficult for donors actually to end up deducting their charitable contributions. I can't remember how it was done, under Trump, but it seems like they just made it so that there is no payoff for giving to charity in terms of tax write-offs for most people. Is that right? Is this covered in any of the business articles in The Citizendium that you know of? Or if not, where would we want to summarize the tax changes made under Trump? Or am I opening a horrible can of worms?Pat Palmer (talk) 02:55, 24 December 2020 (UTC)
- Actually, it's more complicated (and dynamic) than that. As I understand it, the original Trump tax relief bill (2017?) took the charitable deduction away completely for those who don't itemize, but the CARES act restored it (temporarily or permanently, I'm not sure.) My accountant tells me also that for this year at least, the 20% ceiling on total deductions was raised to 60%. Adding something on that here and elsewhere (e.g., in fundraising) is a great idea, but I will need to confirm all this before writing it up. It is a bit of a can of worms, but definitely not a horrible one; just a bit tricky. I'll get started on it and see what turns up.
Roger A. Lohmann (talk) 03:04, 24 December 2020 (UTC)