So, there has been a lot of talk recently about the LDS church's vocal support of Prop 8 in California and also it's financial support. Political contributions are not tax excempt as charitable contributions are. So, considering the church's activity in politics should it lose it's tax excepmt status, and taking it further should the donations to it be no longer tax deductible?
I'm split on whether or not donations to the church should lose their tax deductions sense most people who donate to the LDS church do so with the intention of that money being spent on legitimate charitable causes, but I do believe the church's choice to become involved in politics should lose them their tax excempt status. Anyone want to disagree or agree?
I'm split on whether or not donations to the church should lose their tax deductions sense most people who donate to the LDS church do so with the intention of that money being spent on legitimate charitable causes, but I do believe the church's choice to become involved in politics should lose them their tax excempt status. Anyone want to disagree or agree?
Comment