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re: **Cam Newton investigation UPDATED Page 1 - 11/5, 1:30am**

Posted on 11/6/10 at 9:14 am to
Posted by nycajun
Nothin' could be finer.....
Member since Dec 2004
18183 posts
Posted on 11/6/10 at 9:14 am to
quote:

they DO NOT GIVE CASH. the IRS stopped that a few years ago. it is also a REQUIREMENT that the church give any donar over a certain limit (i think it $250 or close) a statement IN WRITING acknowledging the donation and that is the basis for the tax deduction. my chuch gives me one every year and they started doing it when the IRS required it.


The tax law has also required, for many, many years, that everyone who has income from whatever source declare it on a tax return and to the extent that net income exceeds certain minimum amounts, to pay tax on it. How's that working out with the "underground economy"? Just because the law requires it doesn't mean that either the donor or the donee is going to create a public record to trace what could readily be identified as an illegal bribe.
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