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Response to Roland99 (Original post)

Wed Nov 14, 2012, 02:23 PM

20. How about this.... ? We don't tax the churches....

... we just tax all the NON-church properties and businesses they own.

The Mormons, Catholics, and the Moonies, for example, own billions of bucks worth of businesses of all kinds.

"In 1997, Time Magazine found that current LDS assets totaled $30 billion. If LDS were a corporation, Time continued, its estimated $5.9 billion in annual revenues would have placed it midway through the Fortune 500."

"In 2006, the Boston Globe revealed that the church turned a profit of roughly $55 million on a portfolio heavily concentrated in government bonds."

"In fiscal year 2009, the Evangelical Lutheran church claims to have earned $1,698,336 from “investment income”, $2,238,629 from “bequests and trusts” and another $1,003,420 in rental income. The same report lists a separate column of “temporarily restricted” revenues, on which another $1,625,000 in investment income is reported."

http://www.mint.com/blog/investing/how-churches-invest-05172010/

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Roland99 Nov 2012 OP
SoapBox Nov 2012 #1
Coyotl Nov 2012 #17
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ProgressiveProfessor Nov 2012 #3
AnotherMcIntosh Nov 2012 #4
freshwest Nov 2012 #22
Shadowflash Nov 2012 #5
leftyohiolib Nov 2012 #6
Roland99 Nov 2012 #10
leftyohiolib Nov 2012 #13
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slackmaster Nov 2012 #7
Major Nikon Nov 2012 #18
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freshwest Nov 2012 #23
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dlwickham Nov 2012 #11
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yends21012 Nov 2012 #14
slackmaster Nov 2012 #16
cosmicone Nov 2012 #15
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meeshrox Nov 2012 #28
MH1 Nov 2012 #40
LineReply How about this.... ? We don't tax the churches....
Bigmack Nov 2012 #20
madrchsod Nov 2012 #36
libodem Nov 2012 #21
Dustlawyer Nov 2012 #26
wordpix Nov 2012 #43
Bernardo de La Paz Nov 2012 #27
emsimon33 Nov 2012 #29
montanto Nov 2012 #30
LibertyLover Nov 2012 #31
Scruffy Rumbler Nov 2012 #32
toby jo Nov 2012 #33
madrchsod Nov 2012 #35
pitbullgirl1965 Nov 2012 #38
Roland99 Nov 2012 #41
wordpix Nov 2012 #44
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