Charitable Giving and Taxes
Register here for the webinar on September 27th, 2023 @ 12pm EST
We are going to take a moment here and talk about taxes. You may ask, “What do taxes have to do with giving to missions?!” In a word, everything. Because taxes are a factor in everything we do.
Taxes have been around for thousands of years. The Romans collected taxes. In some cases it was characterized as tribute. Similar enough. Our current system of taxation in the United States officially started in 1913. The highest rate at that time was seven percent and less than one percent of working people paid any tax. But, in just a couple of years, the highest tax rate rose to seventy seven percent.
Continue reading the article
We are going to take a moment here and talk about taxes. You may ask, “What do taxes have to do with giving to missions?!” In a word, everything. Because taxes are a factor in everything we do.
Taxes have been around for thousands of years. The Romans collected taxes. In some cases it was characterized as tribute. Similar enough. Our current system of taxation in the United States officially started in 1913. The highest rate at that time was seven percent and less than one percent of working people paid any tax. But, in just a couple of years, the highest tax rate rose to seventy seven percent.
Continue reading the article
