Watchtower Society continues to hold real estate valued in $millions. And avoids paying taxes on it because of its religious status.
WT real estate.
by Lost in the fog 4 Replies latest watchtower bible
-
-
DesirousOfChange
NOTE: WT paid $23 million for temporary housing and (almost) everyone here thinks they are broke.
-
StarryNight9
@DesirousOfChange
I don't know. $23 million isn't really that much anymore when you're talking about giant corporations. It all depends on if there's more cash flowing in than out. I highly doubt we'll ever have access to those numbers. -
LV101
Are they still listed in Forbes as one of the riches cos in NY? Maybe Forbes has their financial info - they have more reliable info than we can obtain.
-
Vidiot
Lost in the fog - "...and avoids paying taxes..."
For now.
And considering just how hard they'll fight to keep their tax-exempt status, one can't help but wonder just how dependent on it their "business model" actually is.