Taxes

The United States Revokes Scientology’s Tax-Exempt Status. In what we’d call an amazing turn of events the IRS and the Supreme Court do something right for a change. We hope this doesn’t turn out to be a precursor to revoke the tax-exempt status of mainstream religions.

Scientology Building

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Pope on Trump: Anyone who wants border walls isn’t Christian. The Pope has now interjected himself and the Catholic Church into U.S. politics. Shouldn’t the Catholic Church now receive an IRS audit and lose their 501 (c) (3) tax-free status? Oh, and where’s the left screaming about the separation of church and state?

The below is from the IRS.

Tax-Exempt Status

Churches and religious organizations, like many other charitable organizations, qualify for exemption from federal income tax under IRC Section 501(c)(3) and are generally eligible to receive tax-deductible contributions. To qualify for tax-exempt status, the organization must meet the following requirements (covered in greater detail throughout this publication):

*the organization must be organized and operated exclusively for religious, educational, scientific or other charitable purposes;

*net earnings may not inure to the benefit of any private individual or shareholder;

* no substantial part of its activity may be attempting to influence legislation;

* the organization may not intervene in political campaigns; and

*the organization’s purposes and activities may not be illegal or violate fundamental public policy.

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A Comparison of Presidential Tax Plans and Their Economic Effects. If you want to see how everyone’s different tax plans stack up, here it is.

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