Group claims MB Stadium should not be tax exempt

[DreamerD]

Originally Posted by Gulch

In that case, tax all non-profits as well.

I still stand by what I say. To keep it simple, I have seen non-profits with millionaire owners. They should be taxed. As for the ones that don't earn too much, they should not. Its not fair to compare non-profits (not the millionaire ones) to stadiums and corporations that are for profit and make crazy amounts of money. As for churches, many churches have a lot of land. I'm taking real estate and anyone will tell you how precious land is. If you are doing that well that let's say you have at least an acre of land, you need to be taxed. I won't get into the taxation on people's lives, their happiness but just so you know, the IRS doesn't even regulate them like they do other businesses. There were megachurches that basically said no they don't have to show the IRS anything and there's nothing wrong with that because god this and god that.

[AnsleyPark]

Originally Posted by DreamerD

I still stand by what I say. To keep it simple, I have seen non-profits with millionaire owners. They should be taxed. As for the ones that don't earn too much, they should not. Its not fair to compare non-profits (not the millionaire ones) to stadiums and corporations that are for profit and make crazy amounts of money. As for churches, many churches have a lot of land. I'm taking real estate and anyone will tell you how precious land is. If you are doing that well that let's say you have at least an acre of land, you need to be taxed. I won't get into the taxation on people's lives, their happiness but just so you know, the IRS doesn't even regulate them like they do other businesses. There were megachurches that basically said no they don't have to show the IRS anything and there's nothing wrong with that because god this and god that.

The millionaire owners still pay income tax on the pay they receive from the non-profit. Just to clarify.

[DreamerD]

Originally Posted by AnsleyPark

The millionaire owners still pay income tax on the pay they receive from the non-profit. Just to clarify.

Thank you for the clarification, AnsleyPark. The non-profit I'm thinking of has I think 4 locations or maybe more. If you are that successful that you can have four locations for your non-profit, you need to be paying some kind of property tax.

[ATL Golfer]

Edit. Nm.