Results 25 to 36 of 77
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06-20-2021, 08:42 AM #25
Re: IRS denies tax exemption to religious group because prayer boosts Republicans
Maybe they should be Not for Profit …like most major teaching Hospitals ( John Hopkins for example).
Osteen is the pastor of Lakewood church. That place makes Millions. No way they “give it all away”. So change your status to Not for profit and be honest with the world.
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Re: IRS denies tax exemption to religious group because prayer boosts Republicans
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06-20-2021, 10:03 AM #27
Re: IRS denies tax exemption to religious group because prayer boosts Republicans
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06-20-2021, 10:05 AM #28
Re: IRS denies tax exemption to religious group because prayer boosts Republicans
Ok. The mere fact that there are Mega Churches is enough. The Catholic Church in general makes millions every year. And their members/followers are waay more loyal ( as far as paying their money) than the average Christian church. And like I said to Darb …if they have employees that pay income tax …why shouldn’t the church be taxed also?
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06-20-2021, 10:40 AM #29Hall Of Fame Poster
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06-20-2021, 11:24 AM #30Legendary RSR Poster
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Re: IRS denies tax exemption to religious group because prayer boosts Republicans
But when he's selling tickets for $20 a person or whatever, is it to get in for a church service, or is that something he's doing outside his capacity as a pastor?
Additionally, non-profit doesn't mean volunteer workers, just that the business has no profits to return to owners. The ceo of mitre, or the red cross certainly aren't working for free.
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06-20-2021, 11:26 AM #31Legendary RSR Poster
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06-20-2021, 11:36 AM #33
Re: IRS denies tax exemption to religious group because prayer boosts Republicans
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06-20-2021, 06:15 PM #34
Re: IRS denies tax exemption to religious group because prayer boosts Republicans
"A moron, a rapist, and a Pittsburgh Steeler walk into a bar. He sits down and says, “Hi I’m Ben may I have a drink please?”
ProFootballMock
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06-20-2021, 07:11 PM #35
Re: IRS denies tax exemption to religious group because prayer boosts Republicans
Yeah non-profit is just a style of accounting.
A “normal” business can only show losses 3 years in a row, a church or other “charitable organization” simply must pay out all of their “profits” to employees and have nothing at the end of the year. So instead of being an “owner” one must be an employee to receive the “profits”.
So, not exact numbers obviously, but Osteen can just pay himself a million a week in salary and bonus himself at the end of the year whatever remains on the balance sheet and stay non-profit. Generally speaking churches use “remaining profits” for capitol projects at the end of the year instead of bonuses, but that is not always the case. It is a system ripe to be abused and does so constantly(not always, for anyone about to chime in that this isn’t the way their church works). I understand that “many” or “most” churches likely aren’t abusing the status “too badly”.
At the end of the day, when it is paid out in salary or bonuses it is then simply taxed as personal income, so the fraud that “hurts most” of us the more straightforward kind where the pastor keeps a portion of cash tithes for himself/herself. But this isn’t that different than many for profit businesses that do “similar” types of cash skimming tax evasion, for profit businesses simply don’t do it in the name of Jesus….
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06-20-2021, 07:26 PM #36
Re: IRS denies tax exemption to religious group because prayer boosts Republicans
Outside of Osteen and a few mega-churches, I can't think of a single church where the preacher is in control of the money. In Baptist churches, there's a group consisting of deacons, elders, and other leaders who make all financial decisions. As for it being a racket...
https://www.ziprecruiter.com/Salarie...alary-by-State"A moron, a rapist, and a Pittsburgh Steeler walk into a bar. He sits down and says, “Hi I’m Ben may I have a drink please?”
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