A tax gap is the difference between what a corporation pays and the theoretical amount it would pay if they didn't take advantage of loopholes.
WHAT IS WATCHTOWERS TAX GAP?
by badboy 3 Replies latest jw friends
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SnakesInTheTower
One would have to know how much income WTBTS has to know the answer to your question. However, during the past five years, 60 percent of American corporations pay no federal tax anyway. Since 2003, corporate income taxes only account for 8% of overall government income receipts. I am sure WTBTS would find their way into that 60% with current tax laws.
Property taxes could be theoretically calculated, but some of WTBTS's property in Brooklyn Heights has not been on the market for so long it would be difficult to state what market value would be, especially in today's economy.
Really, there lies the solution to our economic troubles: Remove all religious tax exemptions except for services that the government would otherwise provide (soup kitchens, homeless shelters, etc). Close all tax loopholes so that all corporations pay their share of federal, state, and local taxes. Sure, all of those new tax costs to businesses would be passed on to the market place and the eventual buyers, but then at least we would be paying the true costs of running the country and then only if we consumed those goods and services. Our overall tax burden would be directly related to the amount of products/services we consume.
I would pay no taxes for religion because I would consume none of their "goods" or "services."
Snakes ()
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badboy
BTTT
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No Apologies
This question makes no sense. The WT is a religion, they have no taxes, therefor there are no loopholes they need to take advantage of.
Or you could say its all a loophole.
No Apologies