They are required to talk about anything over $100 million but they “didn’t want people to be discouraged about tithing to them.”
I was looking up if they owned any Pepsi stock still and apparently if they do, they’re not talking about that either.
The Mormon church regularly influences politics and doesn’t pay a single penny to taxes. END TAX EXEMPTION FOR CHURCHES.
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Franchises are gonna franchise…
Hey, just cuz they basically own a state and send their kids who aren’t brainwashed zealots to camps where they force them to do manual labor and abuse them doesn’t mean they should pay taxes. Think about how much harder it will be for them to pay out any lawsuits for the rampant sexual abuse they throw members out for reporting. Think of the pastors and l church leaders. Don’t they deserve to live like kings and assault whoever they want to?
I can stick my hand through a curtain and do the secret handshake into heaven. I am the chosen. If you drink caffeine strait to hell sinners.
I can’t believe they’re still tax-exempt.
I agree, if you’re putting money into the market, then that money should be taxed before it goes in.
B-but how else are they going to be able to afford such glorious churches??!!
They gotta pay for that spaceship in The Expanse somehow!
Lol, I thought the same thing. They are building the Nauvoo.
For members of The Church of Jesus Christ of Latter-day Saints, tithing — donating 10% of one’s income to the faith — “is more of a sense of commitment than it is the church needing the money,” Roger Clarke, head of Ensign Peak Advisors, which manages the denomination’s investing holdings, told The Wall Street Journal.
“So they never wanted to be in a position where people felt like, you know, they shouldn’t make a contribution,” Clarke said.
Checks URL
Not the Onion? Ok, then…
Just like white American Jesus intended
LDS leader Lorenzo Snow started tithing in the late 1800s because the church was broke.
Now the church has billions upon billions, but have never stopped tithing. They need that Gen Z’er minimum wage money, right?
No, the Church of Jesus Christ of Latter-day Saints began implementing tithing in 1838.
You are right, my bad. Lorenzo Snow presided over a debt crisis and encouraged members to pay tithing, but tithing itself was implemented in 1838 as you said.
The Wall Street Journal broke the story a couple years ago: https://www.wsj.com/articles/the-mormon-church-amassed-100-billion-it-was-the-best-kept-secret-in-the-investment-world-11581138011
Turn it off!
It’s a nifty little Mormon trick!
There was a 60 mins story on this
I don’t watch that, were they nervously defending themselves or confident in their choices?
A whistleblower was like wtf, why is this so much. Aren’t we supposed to be doing charity work with it ir something?
Also there was some self dealing real estate deals with others associated with the church