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How the Mormons Make Money

nm = no more?

all people would slow their spending with the new super high sales tax rates.
How much sales tax would we have to charge on baby food to keep schools, hospitals, military, police forces, infrastrucure, jails, etc for everybody funded?
Is the tax on all services too, or just goods?
How to fund the prevention of black markets?
 
northeast said:
nm = no more?

all people would slow their spending with the new super high sales tax rates.
How much sales tax would we have to charge on baby food to keep schools, hospitals, military, police forces, infrastrucure, jails, etc for everybody funded?
Click to expand...

It can be variable .. as it is now .. but, of course, it's evil in its present state. What say u? (is the answer)
 
variable = high >> capital flight >> end of the USA

The answer? My first instinct is to say it is not any one quick fix, rather the code could be simplified and improved in many ways, so it is just a matter of going through all of it to make incremental adjustments one by one that make good sense, but making the changes is hard.

Some of them are just a matter of a hard slog of making changes. People would tediously need to be convinced of the desirability of every change. There will be a negative , however minor, offsetting every benefit that will cause someone to argue against every change. Congress and the IRS will not want to admit that what they did in the past was stupid.

and those are the easy changes.

Then you've got all of the tax complications and inefficiencies that give special benefits to a minority of people or organizations, or organizations over individuals. In these cases, making a change is especially hard, because the special interest benefactors will always argue passionately for keeping their benefit.

And then there are issues that go beyond individuals, regarding how organizations and internationals operate, which get even more complicated.

So perhaps a radical sweeping change has a better chance of being accomplished than many incremental adjustments.
I have not entirely dismissed the options you and Pearl have advocated. They do have their appeal. I definitely like the idea of equalizing rates between different types of income where possible, and eliminating most deductions.

I also like the idea of having less kinds of taxes. You suggested eliminating the income tax, and increasing sales taxes. If this could be made to work and not destroy the economy or the populace, this would make taxes much simpler for most people. however, I would also consider variations on this theme. What about eliminating other types of taxes, like sales taxes, or social security taxes, and increasing the income tax? How about exempting self-employed non-professional individuals from income taxes? How about eliminating all taxes on individuals, and only taxing corporations? What about eliminating income and social security taxes, and replacing them with a tax on financial transactions?

i will have to give this more thought. I have lots of small suggestions to modify the current code, but I am not sure if sweeping or incremental change is the way to go.
 
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Seeing that this thread has evolved into tax talk at the moment, I have a question that maybe someone can answer. In states that don't have a personal income tax, how does the state get all of the revenue it needs? Some states are obvious, like Nevada getting money from gambling, but in other states like Texas or Florida for example, do they just charge high sales and property tax rates?
 
nightmare3983 said:
Seeing that this thread has evolved into tax talk at the moment, I have a question that maybe someone can answer. In states that don't have a personal income tax, how does the state get all of the revenue it needs? Some states are obvious, like Nevada getting money from gambling, but in other states like Texas or Florida for example, do they just charge high sales and property tax rates?
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I live in Houston and the Property taxes are quite high.
 
nightmare3983 said:
Seeing that this thread has evolved into tax talk at the moment, I have a question that maybe someone can answer. In states that don't have a personal income tax, how does the state get all of the revenue it needs? Some states are obvious, like Nevada getting money from gambling, but in other states like Texas or Florida for example, do they just charge high sales and property tax rates?
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In Tennesse there is no income tax. They make up for this by slightly increasing several taxes. Such as the sales tax.
 
A guy who used to work for the nonprofit part of the church told me that the mall was paid for with the corporate side of the church. No tithing monies were used.
He also said the 25 year estimate of charitable giving is only what they donate monetarily to other charitable organizations and doesn't include the funding that goes into their own charity organizations, or any goods or in kind service they provide.
He says they work with Catholic charities to do a lot of their shipping type things.
Just thought I'd share.
 
What the heck is the corporate side of the church???????
It all sounds like rich people finding loopholes to get an unfair advantage over the noncheaters.
 
northeast said:
What the heck is the corporate side of the church???????
It all sounds like rich people finding loopholes to get an unfair advantage over the noncheaters.
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I cannot think of anything that would be considered the corporate side of the church. BYU is operated at a loss-tutition is subsidized. I guess the Tabernacle Choir could make a little money.
 
It said what the corporate side was in the article: book store, tv station, newspaper are some of them.

feature_mormon29_450.jpg


They have a corporate side because of the Edmund Tucker act.
 
"The church should have no income from corporate affairs, but tithes are stupid/highway robbery. the money should be thrown down to them by god himself" This is the vibe I am getting from the naysayers.
 
Sounds to me like they are hiding for-profit businesses under a non-profit umbrella. It's not right. Where is the line?
 
nightmare3983 said:
Are people just jumping into this thread now that it's 28 pages long?
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northeast seems to have skipped most of it. Or he just really likes a good retread.

I hesitate to use the "c" word, but much of his argument seems to be based largely on assumption.

The following is an excerpt from a 1991 address by (then) President Gordon B. Hinckley:

Again, all such commercial properties are taxed under the government entities where they are located. Not only do they pay property taxes, but also income taxes on any profits. So it is with all of the commercial operations of the Church.
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https://www.lds.org/general-conference/1991/04/the-state-of-the-church?lang=eng

Just FYI.
 
kennykyle said:
"The church should have no income from corporate affairs, but tithes are stupid/highway robbery. the money should be thrown down to them by god himself" This is the vibe I am getting from the naysayers.
Click to expand...
I completely understand that line of thinking. I don't think of tithing as a temporal matter.
 
PKM said:
Assasinate the current leadership?
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Slay him, for the Lord hath delivered him into thy hands; Behold the Lord slayeth the wicked to bring forth his righteous purposes. It is better that one man should perish than that a nation should dwindle and perish in unbelief.”
 
So that folks don't take what I was quoted on above out of context, it was a joke about slaying the leadership of the African countries that are causing/allowing the terrible things happening there.

Didn't want anyone to think I said that about Mormon leadership, lol.
 
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