Thread: Tax the Churches
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Old 05-06-2008, 03:23 PM   #12 (permalink)
itsbob (Premo)
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Originally Posted by This_person View Post
No religion, nor lack thereof, is treated preferentially. That was the point of saying they ALL get tax-free status. Were they a business, they would be treated as such. Those religions that begin to act as a "for profit" business do risk losing their tax free status. For example, the constant talks about the churches that allow politicians to speak, or the LDS church about 20+ years ago and their "investments", etc. There are pretty strict guidelines.Well, those actions are given a tax free status. Deductions, just like the ones you take on your taxes. However, they're taxed on their profit-side.
Why strike out against the LDS?? You seem to think none of the other churches has investments? Portfolios? Real Estate? Stock? Gold? Silver?
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