by belbab 3 Replies latest social current
Today's NY times had an article on taxation for charities.
Watchtower better start putting up their wind screens.
http://www.nytimes.com/2008/05/26/us/26tax.html?_r=1&hp&oref=slogin
Here is an interesting quote:
And, concerned about the way some churches are spending money, the Senate Finance Committee has asked for detailed financial information from six evangelical ministries asking them to justify their tax exemptions.
belbab
how many evengelical ministries are there with considerable enough assets to warrant the curiousity of the US Senate? I would suspect the WBTS must be one of them....And, concerned about the way some churches are spending money, the Senate Finance Committee has asked for detailed financial information from six evangelical ministries asking them to justify their tax exemptions.
It's not just churches. Harvard universities endowment fund produces enough income to pay the tuition of every student there. There are a lot of other non-profits around that produce large income flows.
WOOHOO, maybe if they start taxing the WBTS then they'll be able to cut back on the taxes us middle class people have to pay!
