Comment on Just 2 people.
TropicalDingdong@lemmy.world 5 months agoI mean if they’ve got the receipts of how the money is spent like any other non-profit has to provide, I have no issue with it. If they can’t provide the receipts, that’s a for-profit institution, and should be taxed as such.
possiblylinux127@lemmy.zip 5 months ago
By definition of non profit they should not be making profit
TropicalDingdong@lemmy.world 5 months ago
If I run a 501-3c (and I have), I have to provide what amounts to a complete budget of where my organizations income came from, where it went to, and how much was spent on things like overhead, office expenses, executive pay, travel, etc. My board is responsible for me getting those numbers right, otherwise we run afoul of the IRS.
Churches are not held to the same standard. A church is effectively granted tax free status on its receipts (income) and is not required to provide any charitable services as a product of those receipts. They are fundamentally different legal entities, however, I’m arguing that they shouldn’t be, and that churches and “faith based” institutions should be held to the same standards as any other charitable organization under the 501c3 definition of a non-profit.
If your church or faith based organization doesn’t exist to provide a charitable mission, then it shouldn’t be free from taxation.
possiblylinux127@lemmy.zip 5 months ago
Churches don’t make money. That wouldn’t make any sense unless someone is embezzling
aniki@lemm.ee 5 months ago
Are you serious??
asdfasdfasdf@lemmy.world 5 months ago
nbcnews.com/…/mormon-church-multibillion-investme…