FFRF sues IRS to enforce church electioneering ban

[Bigmack]

20. How about this.... ? We don't tax the churches....

... we just tax all the NON-church properties and businesses they own.

The Mormons, Catholics, and the Moonies, for example, own billions of bucks worth of businesses of all kinds.

"In 1997, Time Magazine found that current LDS assets totaled $30 billion. If LDS were a corporation, Time continued, its estimated $5.9 billion in annual revenues would have placed it midway through the Fortune 500."

"In 2006, the Boston Globe revealed that the church turned a profit of roughly $55 million on a portfolio heavily concentrated in government bonds."

"In fiscal year 2009, the Evangelical Lutheran church claims to have earned $1,698,336 from “investment income”, $2,238,629 from “bequests and trusts” and another $1,003,420 in rental income. The same report lists a separate column of “temporarily restricted” revenues, on which another $1,625,000 in investment income is reported."

http://www.mint.com/blog/investing/how-churches-invest-05172010/