A Better Way To Help Your Community – Set Up Your Own Church
One problem with most well-intentioned social assistance programs is that there is so much inefficiency and waste that very little makes it to those who need it when they need it. And it is often distributed in such a way that it creates perverse incentives that create the opposite results of the original intent.
What if there was a way that you could directly help your friends, family and neighbors and get a tax write-off at the same time?
Step 1: Establish your own church. A “church” is not a building – it is an association of 2 or more individuals who have come together to practice a religious belief.
Step 2: Donate up to 50% of your Adjusted Gross Income to the church and get a full tax deduction.
Step 3: As the Minister of the church you can now distribute those funds to the needy individuals in your community.
The church can passively invest in businesses (LLC’s) that you manage. The church’s portion of profits is tax-exempt. Churches can even own 100% of the business making 100% of the profits tax-exempt.
Tax-Free Housing Allowance
As a Minister, the church can pay you a tax-free housing allowance.
Through the establishment of a church, individuals can significantly reduce their tax burden and direct these resources where they can make the most direct impact on their local communities. Often, they can whittle down their personal income low enough to where they have little or no personal tax liability. Click on the link to set up your own church and receive ongoing support.
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