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View Diary: Fundies having a sad over show that turns hot lights on opulent lifestyles of SoCal preachers (186 comments)

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  •  Wonder if they avoid inheritance taxes as (7+ / 0-)

    well as income and property taxes.  The fiction of their wealth belonging to the church is exploded as soon as it becomes obvious that they are able to pass their church to the next generation.  There are several such families who live in opulence  for three or four generations so far.  How does something like a church become inheritable property?

    •  I do beleive that rich churchs are corporations (2+ / 0-)
      Recommended by:
      GrannyOPhilly, betterdemsonly

      That way the next in line becomes the CEO, no worries about inheritance issues.

      •  501C3s for example are required to have (0+ / 0-)

        a certain number of "community" members on their boards and there are restrictions on family members being board members.  Since churches are a charity and tax exempt, it seems to me that the IRS should regulate their ability to keep their organizations as closely held corporations whereby family members are the board and also the management

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