artemicion
Golden Member
Meh. I don't subscribe to any televangelists nor would I ever contribute to their "cause" but if other people want to, I don't really give a damn. Unless they are committing fraud to facilitate donations (and it appears they are doing the exact opposite, since they are brazenly open about their lavish expenditures), whatevs.
The tax exemption angle is overstated a bit. I am by no means a tax expert so someone feel free to correct me if I'm wrong, but AFAIK, while the *organization* does not have to pay taxes for the donations it receives, the *individuals* who receive cash or fringe benefits from the organization must report most of those benefits as income and pay taxes on it.
So, using Jon Oliver's "Our Lady of Perpetual Exemption" as an example, it may be true that "Our Lady" doesn't pay taxes on donations it receives, but if Jon Oliver tried to transfer those funds to himself for personal gain (either via straight cash or via fringe benefits), taxes would have to be paid in most circumstances. There might be a few scenarios where you could avoid taxes (like buying yourself some awesome office furniture), but those scenarios are limited.
The tax exemption angle is overstated a bit. I am by no means a tax expert so someone feel free to correct me if I'm wrong, but AFAIK, while the *organization* does not have to pay taxes for the donations it receives, the *individuals* who receive cash or fringe benefits from the organization must report most of those benefits as income and pay taxes on it.
So, using Jon Oliver's "Our Lady of Perpetual Exemption" as an example, it may be true that "Our Lady" doesn't pay taxes on donations it receives, but if Jon Oliver tried to transfer those funds to himself for personal gain (either via straight cash or via fringe benefits), taxes would have to be paid in most circumstances. There might be a few scenarios where you could avoid taxes (like buying yourself some awesome office furniture), but those scenarios are limited.
