Message Font: Serif | Sans-Serif
UnThreaded | Threaded | Whole Thread (20) | Ignore Thread Prev | Next
Author: 1poorguy Big funky green star, 20000 posts Old School Fool CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 197284  
Subject: Re: Take Away the Non-Profit Status Date: 11/26/2012 10:55 AM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 1
I wonder if the IRS could revoke the bishop/diocese tax exempt status and filter that down to any parish that had received the status because of the exemption?

I think they should all lose tax-exempt status. The argument has always been that they do charitable work, so they shouldn't be taxed. But not ALL their funds go to this purpose, so why is it all exempt? They should have to file a tax form that spells out what they brought in, and how much they used for charity. Just like you and I have to do every year (assuming we bother to itemize charitable contributions, which I do).

The complaint about this "unleashing" politics from the pulpit falls flat, IMO, because we already have this. May as well just remove the tax-exempt status and be done with it.

Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (20) | Ignore Thread Prev | Next


Foolanthropy 2014!
By working with young, first-time moms, Nurse-Family Partnership is able to truly change lives – for generations to come.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Macro Economics

Remembrance and Reflections
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.