♪alt13
Well-Known Member
A proposed bill would eliminate the child tax exemption in Utah and raise $400 million for education. The argument is basically about fairness. Large families benefit from the tax exemption while at the same time their children are dependent on the state for their education. The question was raised "Is there another way to raise the money?"
https://www.ksl.com/index.php?nid=750&sid=26954018&title=sunday-edition-eliminating-the-family-child-tax-exemption
I've never bothered to itemize charitable deductions and to be honest I am not even certain what qualifies. I am always puzzled at first when the DI asks if I want a receipt for my old couch, last years kids clothes, or a box of dust covered electronics. As I chuckle and say no I think to myself "what cheap ******* would bother to write this junk off".
What percentage of tithing and other charitable donations can be deducted from Utah state taxes? Is it dollar for dollar, 50%, 10%? If the Utah state tax rate is 5% and 50% of tithing can be written off, then a Mormon that pays their full tithe would pay nothing in state taxes, right?
https://www.ksl.com/index.php?nid=750&sid=26954018&title=sunday-edition-eliminating-the-family-child-tax-exemption
I've never bothered to itemize charitable deductions and to be honest I am not even certain what qualifies. I am always puzzled at first when the DI asks if I want a receipt for my old couch, last years kids clothes, or a box of dust covered electronics. As I chuckle and say no I think to myself "what cheap ******* would bother to write this junk off".
What percentage of tithing and other charitable donations can be deducted from Utah state taxes? Is it dollar for dollar, 50%, 10%? If the Utah state tax rate is 5% and 50% of tithing can be written off, then a Mormon that pays their full tithe would pay nothing in state taxes, right?