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The LDS Church has denied using tithing monies to build a 2 BILLION dollar mall and residential development. Yeah, right. This is tax free money we're talking about.
If a church, any church, wishes to get involved in politics and/or in real estate development (or whatever other business that generates profits/losses) they need to pay taxes.
The LDS Church has denied using tithing monies to build a 2 BILLION dollar mall and residential development. Yeah, right. This is tax free money we're talking about.
If a church, any church, wishes to get involved in politics and/or in real estate development (or whatever other business that generates profits/losses) they need to pay taxes.
Good post. Here are some more companies owned by the Mormon Corporation..umm, I mean church.
The City Creek Center, scheduled to open in March, 2012, is going to be an incredible mixed-use enterprise: Residential, business, retail, etc. It is going to comprely revitalize downtown Salt Lake City, and you can rest assured that all of the businesses scheduled to move in (including Nordstrom and Macy's) will be paying taxes. Everybody in Salt Lake City is excited to see this 20-acre project open. It will benefit all of the city's residents, regardless of their religious beliefs (or lack of belief). All cities should be so lucky.
I City Creek Center, scheduled to open in March, 2012, is going to be an incredible mixed-use enterprise: Residential, business, retail, etc. It is going to comprely revitalize downtown Salt Lake City, and you can rest assured that all of the businesses scheduled to move in (including Nordstrom and Macy's) will be paying taxes. Everybody in Salt Lake City is excited to see this 20-acre project open. It will benefit all of the city's residents, regardless of their religious beliefs (or lack of belief). All cities should be so lucky.
It goes to the business owners obviously. Do you think the LDS Church is going to expect a percentage of Macy's profits? Come on!
You are either being evasive or do not understand the question. The mormon church owns the complex. They lease space to Macys etc., so where does the profit from leasing of space go?
You are either being evasive or do not understand the question. The mormon church owns the complex. They lease space to Macys etc., so where does the profit from leasing of space go?
I'm not being evasive. I didn't understand the question. Yes, the businesses leasing the property would pay the church for the land they lease, just as they would pay anyone else who owned the land. Apparently they feel they stand to benefit from the enterprise, though. The Church didn't exactly have to go groveling for businesses that wanted to lease. Come visit sometime after the complex is open. I'll be your tour guide. You'll love Salt Lake.
I'm not being evasive. I didn't understand the question. Yes, the businesses leasing the property would pay the church for the land they lease, just as they would pay anyone else who owned the land. Apparently they feel they stand to benefit from the enterprise, though. The Church didn't exactly have to go groveling for businesses that wanted to lease. Come visit sometime after the complex is open. I'll be your tour guide. You'll love Salt Lake.
So the church is acting like a business. So what does the church do with the profit from their business?
I have never been to Salt Lake City. I do plan to go skiing in Utah though.
So the church is acting like a business. So what does the church do with the profit from their business?
The Church does own business ventures. Personally, I see nothing wrong with that. It uses its profits to invest in things like the City Creek Center -- which will be 100% paid in full when it opens. The Church does not believe in incurring debt, and encourages its members to be debt free.
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I have never been to Salt Lake City. I do plan to go skiing in Utah though.
Well, when you come, let me know. I'm serious about that.
The Church does own business ventures. Personally, I see nothing wrong with that. It uses its profits to invest in things like the City Creek Center -- which will be 100% paid in full when it opens. The Church does not believe in incurring debt, and encourages its members to be debt free.
Well, when you come, let me know. I'm serious about that.
O.K., but I am going to bring my wife so don't hit on me.
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