unofan
Well-known member
What if Corporation ABC creates a foundation under 501(c)(3) of the tax code? And contributions by the corporation to the foundation are tax deductible and the foundation itself is exempt from taxation? Conceivably ABC could lower their tax bill significantly by plowing excess profits into the foundation?
ADDENDUM: I've been criticized in other threads about my posting of Pat Buchanan columns. OK, if you don't like Pat, you may also have an aversion of Father George Rutler. I've listened to him on TV and wondered where he wrote his essays. Now I know. This man (priest) is not a shrinking violet that many in Holy Mother Church have turned into.
The article deals with the current state of affairs and the Catholic perspective. Some may read it and ponder its words. Others will read it and ignore it, and others won't read it because it disagrees with their thinking. Your choice.
That's a Catholic perspective, not the Catholic perspective. Considering roughly 60% of Catholics vote for the D, the only thing in that article that can be considered a full Catholic position is its anti-abortion stance, on which the Church is unwavering. The rest is simple partisan politics disguised, as the author would put it, in sheep's clothing.