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To: All; OldNewYork; svcw
Here's an article from 2009: LDS Inc. owns .7% of Florida

It mentions: LDS, Inc. has more than $1 billion in for-profit property in Florida -- and breaks that down by counties in Florida.

11 posted on 06/15/2011 9:35:52 AM PDT by Colofornian (I already have a God as my leader. Why do I need ANOTHER one as POTUS?)
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To: Colofornian; svcw

Thanks for the link - reading it now. I get the feeling reigning them in is going to make bringing Scientology to account look like a cake walk.


12 posted on 06/15/2011 9:42:32 AM PDT by OldNewYork
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To: Colofornian
LDS, Inc. has more than $1 billion in for-profit property in Florida . . .

Sort of puts to the lie your contention that these for-profit businesses are tax exempt, doesn't it?

FWIW, the ECLA owns for-profit businesses such as insurance companies and non-profit businesses such as nursing homes.

Taxes are paid on the former, but not the later (except payroll taxes). Colleges which operate for-profit businesses pay taxes on them as well. Even if the owner-operator of said business is a non-profit organization.

If you or I operate a ranch which produces food which is sold into the for-profit market, tax is payable on any profits. If the food is distributed to a non-profit food pantry or its equivalent, then it is tax-exempt. It really isn't all that complicated. The same laws which apply to your state university or the ELCA also apply to the LDS chuch. Annoying, isn't it? < / sarcasm >

20 posted on 06/15/2011 9:55:50 AM PDT by Vigilanteman (Obama: Fake black man. Fake Messiah. Fake American. How many fakes can you fit in one Zer0?)
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