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Author: 1poorguy Big funky green star, 20000 posts Top Recommended Fools Old School Fool CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 196675  
Subject: Re: Take Away the Non-Profit Status Date: 11/26/2012 10:55 AM
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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.

1poorguy
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