Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Why isn't news media talking about this BS?
Churches that don't pay a dime in tax dollars getting millions of tax in Covid relief.
Multimillionaire televangelist Joel Osteen’s Lakewood Church in Texas netted $4.4 million in bailouts through the federal COVID-19 relief program, records show. https://www.foxbusiness.com/lifestyl...virus-ppp-loan
The Houston megachurch, the largest in the nation with 52,000 weekly congregants, received the forgivable Paycheck Protection Program loan in late July, the Houston Business Journal reported Sunday.
The loan was the third-highest in the Houston area during all of July and August, the outlet noted, citing federal data.
Lakewood’s PPP check went to 368 full- and part-time employees, spokesman Donald Iloff told the Houston Business Journal.
This was covered in another thread (duplicate).
The church is an employer, just like any other non-profit that works with anything from battered women to cat rescue....or for profit companies.
The funds are intended to prevent layoffs.
Whether "Jane" is the accountant for PPP, Pornhub or the full contact foozeball association....she is a taxpayer and this program is to benefit workers like her.
You just have your panties in wedgie mode because it's a church that employs those people.
He doesn't take a salary and gets generous nontaxable benefits that underpin his opulent lifestyle, such as homes, cars, etc. There is no flow-through of his church business to his personal return. He may be paying taxes on royalties for books, tapes, and such.
A pastor still has to pay taxes on fair market value of those things. Pastors are considered self-employed, and they get taxed on a housing allowance, and other things they'd use for the "ministry". Sort of like any small business owner that uses company-provided things.
Quote:
If chose to structure his business in the normal way, he would be taking a salary as clergy and he would be paying taxes on the income.
You're saying he doesn't do that?
Quote:
There is a lot of fraud in PPP. A lot of it is going to big business, especially those with outstanding loans from the major banks.
Yes. My church took a small amount -- a mere FRACTION of what Osteen's Flying Circus took. But I do know there are other MAJOR businesses and churches taking huge amounts.
Why isn't news media talking about this BS?
Churches that don't pay a dime in tax dollars getting millions of tax in Covid relief.
Multimillionaire televangelist Joel Osteen’s Lakewood Church in Texas netted $4.4 million in bailouts through the federal COVID-19 relief program, records show. https://www.foxbusiness.com/lifestyl...virus-ppp-loan
The Houston megachurch, the largest in the nation with 52,000 weekly congregants, received the forgivable Paycheck Protection Program loan in late July, the Houston Business Journal reported Sunday.
The loan was the third-highest in the Houston area during all of July and August, the outlet noted, citing federal data.
Lakewood’s PPP check went to 368 full- and part-time employees, spokesman Donald Iloff told the Houston Business Journal.
The church is an employer, just like any other non-profit that works with anything from battered women to cat rescue....or for profit companies.
The funds are intended to prevent layoffs.
Whether "Jane" is the accountant for PPP, Pornhub or the full contact foozeball association....she is a taxpayer and this program is to benefit workers like her.
You just have your panties in wedgie mode because it's a church that employs those people.
Not fair when one large company gets tons of money, while small businesses get NOTHING. Joel does not need the money, he has such riches, that he could have given each of his employees a huge check and that would have been good, meanwhile that money could have been spread out to 1,000 small businesses that would be alive today.
A pastor still has to pay taxes on fair market value of those things. Pastors are considered self-employed, and they get taxed on a housing allowance, and other things they'd use for the "ministry". Sort of like any small business owner that uses company-provided things.
You're saying he doesn't do that?
Yes. My church took a small amount -- a mere FRACTION of what Osteen's Flying Circus took. But I do know there are other MAJOR businesses and churches taking huge amounts.
There are no excuses for people suffocating in wealth like Joel O'Steen. It's unconscionable when people have lost their mom and pop business or their minimum wage jobs and people like O'Steen get money. Abominable.
Joel does not need the money, he has such riches, that he could have given each of his employees a huge check and that would have been good
When it's time to "help the needy" he disappears
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
