I, for one, am in favor of taxing the Watchtower Society to death. They make money, they are a for-profit organization fraudulently listed as non-profit, and they misuse most of the money they get. They manipulate people. They ruin children's lives. They do this in the name of the Bible, which they don't even follow (they merely use snippets of it to back up their activities). Taxing them will hasten their ultimate demise, and prevent them from killing or harming others. It will also stop them from defending pedophiles if the Worldwide Pedophile Defense Fund is seized by the IRS. Also, if New York State taxes them (they are, after all, located in New York City), it would put a major dent in the deficit in that state.
Beyond that, we ought to get the government out of our businesses except to provide protection from those initiating force, coercion, or fraud against us (including the Watchtower Society). By eliminating "hot laws" and the regulatory departments that enforce them, this country would save huge bucks and eliminate the need for many of the taxes that we have now.