Whistleblower allegations against LDS Church

[Archie Moses]

I don't tell my mom she is wrong because she is doing as she believes with her money. I'm not sure where you got that impression. I am also entitled to have an opinion about it and express it on a message board.

You are. I sent you a PM and again apologize for calling you ignorant.

Sometimes I say things before I think them through.

AM

 

[Gameface]

After reading some of this thread, and skimming the rest I have one though/question at this point.

How much of this vast wealth attributed to the church is in real estate, meaning land and building related? Temples, churches, fields, farms, storehouses, office buildings for employees, camps, historical sites, ranches, etc.?

I legit wonder, and my hunch is that a good portion of this number people are so up in arms about is tied to this.

I could be 100% wrong, but with doing zero research into it, that's my guess.

There is a single investment account containing $100,000,000,000.00. That is not the only account the church has and none of it is counting their real estate holdings.

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[colton]

There is a single investment account containing $100,000,000,000.00.

Allegedly, anyway. There was no evidence, just one guy who said so.

 

[JazzGal]

Allegedly, anyway. There was no evidence, just one guy who said so.

Albeit a guy who worked in the investment department.

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[gandalfe]

Churches aren't taxed in this country because of the concept that being a religion is a good thing ALL BY ITSELF. Not for what else you do, but just being a religion. (Altho voodoo gets the short end of the stick, AFAIK.)

I personally look at the myriad problems with both bad actors in various churches as well as official teachings that are harmful and think that's wrong, but that's why it is the way it is.

 

[Gameface]

Allegedly, anyway. There was no evidence, just one guy who said so.

Sure.

But I think it's important to understand the technical aspect of this issue.

It isn't that the LDS church has too much money. It isn't about the total assets of the church. It's a question as to what charity (or charitable use) is or isn't.

The argument in this case is that if the church amasses enough wealth to then put that money into an investment account that is earning money (wealth building additional wealth) is that specific pile of money still being used for charitable purposes or is it being used to generate wealth, separate from the church's charitable activities?

I think ultimately the money will NOT be taxed because you can't really effectively argue that just because it is being held for a future "charitable purpose" and not being used now, that it does fall under the tax exemption rules. I think church's get tons of room to move under the umbrella of charity.

 

[Gameface]

Besides, I know what the $100,000,000,000.00 is really for...

It's so that Mormons can build the colony ship Nauvoo.



For anyone not watching the excellent series "The Expanse" the Nauvoo is a massive colony ship built by the Mormons to escape oppressive restrictions on reproduction. I won't say anymore to avoid spoilers.

 

[bigb]

Sure.

But I think it's important to understand the technical aspect of this issue.

It isn't that the LDS church has too much money. It isn't about the total assets of the church. It's a question as to what charity (or charitable use) is or isn't.

The argument in this case is that if the church amasses enough wealth to then put that money into an investment account that is earning money (wealth building additional wealth) is that specific pile of money still being used for charitable purposes or is it being used to generate wealth, separate from the church's charitable activities?

I think ultimately the money will NOT be taxed because you can't really effectively argue that just because it is being held for a future "charitable purpose" and not being used now, that it does fall under the tax exemption rules. I think church's get tons of room to move under the umbrella of charity.

I’m as far from an expert as there is, but if the church uses the interest (profit) from the account on charitable purposes (sending/giving aid in times of need, paying for missionaries who can’t afford it, the perpetual education fund, etc.) would that be enough for all of it to be tax exempt?
I know pretty much nothing about this.


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[colton]

Besides, I know what the $100,000,000,000.00 is really for...

It's so that Mormons can build the colony ship Nauvoo.



For anyone not watching the excellent series "The Expanse" the Nauvoo is a massive colony ship built by the Mormons to escape oppressive restrictions on reproduction. I won't say anymore to avoid spoilers.

Sounds cool! I'll have to check it out. And an 8.5 rating on imdb is nothing to scoff at.

 

[fishonjazz]

Besides, I know what the $100,000,000,000.00 is really for...

It's so that Mormons can build the colony ship Nauvoo.



For anyone not watching the excellent series "The Expanse" the Nauvoo is a massive colony ship built by the Mormons to escape oppressive restrictions on reproduction. I won't say anymore to avoid spoilers.

I just googled this. Gonna go on my list of possible future shows to watch.

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[colton]

Here's an excellent article. I found it very educational.

 

[MVP]

Churches aren't taxed in this country because of the concept that being a religion is a good thing ALL BY ITSELF. Not for what else you do, but just being a religion.

Wondering if Church of Satan is tax exempt as well?
nevermind - indeed it is

The Satanic Temple is a nontheistic religious group based in United States. The Temple is recognized as a church for the purposes of tax exemption, with chapters in 13 states and Canada.