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SEC charges the Church of Jesus Christ of Latter-Day Saints

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Re: SEC charges the Church of Jesus Christ of Latter-Day Saints

#191
post #153

Earlier quoted context omitted.

It was meant to be a hyperbole.

Cool, my hyperbole is 99% of churches are charities. Now what? What is the point of commenting a hyperbole?

You said 99% of the churches do charitable work. I highly doubt that’s 99% of budget. I am sure most of it is used for operations. Just because I make donations every year, doesn’t make me a charity organization.

Re: SEC charges the Church of Jesus Christ of Latter-Day Saints

#192
post #70

Earlier quoted context omitted.

Right, either way, I'm looking for an intuition about how much an infraction like this should cost. Presumably, the settlement also includes the LDS church's consent to start filing reliable 13F's. I'm not saying I think 5MM is the right number; I'm just saying I have no intuition for what the number should be, and the rationale I see on the thread seems to be "they're big". If I get pulled over in a Bentley with an…

> If I get pulled over in a Bentley with an expired sticker, I pay the same price as someone in a Kia. The fine should scale with the size of the infraction. If you sticker expires on your car, the infraction is the same severity, no matter the car [0]. ~Hiding a few million vs. hiding a few billion in taxes is a whole different level.~ EDIT: They just hid it for information purposes. Not to avoid tax. Therefore, thi…

In Finland, traffic fines scale based on your income.

Re: SEC charges the Church of Jesus Christ of Latter-Day Saints

#193

Earlier quoted context omitted.

The part about welfare for those not of their faith was just in the news due to the way we do block grants to states to fund welfare services.. the state of Utah largely hands off their program work to the LDS Church which is pretty unfortunate when they make support contingent on joining their church, going so far to tell people they won't be provided with support that's Federally required unless they get baptized i…

Actually, the church's policy is to help everyone regardless of their religious affiliation, and anyone can get food and other help from the storehouses mentioned in the article. The help sometimes includes even cash, but it's far from just a spend-this-however-you-want blank check. That money typically comes from local donations, so the people administering the relief have an obligation to be careful about it. No do…

The Tribune went bankrupt and was bought by a prominent LDS member in 2016 - not sure you can discount their stories from 2021 based on the bias the originally owners clearly had in the 1800’s. It’s a nonprofit these days but Huntsman is still chairman of the board.

Re: SEC charges the Church of Jesus Christ of Latter-Day Saints

#194

Watching the Tabernacle choir sing at Trump's inauguration was the act that broke my faith in the church. Since then, I've come to see the church as just another corporation. Too bad the corporation isn't governed by their own scripture, what with the "render unto Caesar that which is Cesar's" thing and whatnot. From the articles of faith (canonized LDS scripture): 12 We believe in being subject to kings, presidents,…

Another perspective: https://www.thetabernaclechoir.org/about/choir/history/histo...

Re: SEC charges the Church of Jesus Christ of Latter-Day Saints

#195
post #70

Earlier quoted context omitted.

It's actually a settlement, not a fine, which is probably pinned closer to the "This is the amount we think we'd have to pay lawyers to argue the case" value than the "This is how much we would owe if we were found guilty of breaking the law" value.

Right, either way, I'm looking for an intuition about how much an infraction like this should cost. Presumably, the settlement also includes the LDS church's consent to start filing reliable 13F's. I'm not saying I think 5MM is the right number; I'm just saying I have no intuition for what the number should be, and the rationale I see on the thread seems to be "they're big". If I get pulled over in a Bentley with an…

> If I get pulled over in a Bentley with an expired sticker, I pay the same price as someone in a Kia.

In the US, sure. The people advocating for a proportional fine in the LDS case presumably would argue for a proportional one in your example, too.

Re: SEC charges the Church of Jesus Christ of Latter-Day Saints

#197

Watching the Tabernacle choir sing at Trump's inauguration was the act that broke my faith in the church. Since then, I've come to see the church as just another corporation. Too bad the corporation isn't governed by their own scripture, what with the "render unto Caesar that which is Cesar's" thing and whatnot. From the articles of faith (canonized LDS scripture): 12 We believe in being subject to kings, presidents,…

And the years after years of being told in General Conference that the church is being run according to best accounting practices and that everything is healthy and above board.

Re: SEC charges the Church of Jesus Christ of Latter-Day Saints

#198

Watching the Tabernacle choir sing at Trump's inauguration was the act that broke my faith in the church. Since then, I've come to see the church as just another corporation. Too bad the corporation isn't governed by their own scripture, what with the "render unto Caesar that which is Cesar's" thing and whatnot. From the articles of faith (canonized LDS scripture): 12 We believe in being subject to kings, presidents,…

Another perspective: https://www.thetabernaclechoir.org/about/choir/history/histo...

So, they sing for morally bankrupt presidents who are looking for religious legitimacy.

Re: SEC charges the Church of Jesus Christ of Latter-Day Saints

#200
post #24

Nearly every Baptist church/preacher I have seen explicitly endorsed Donald Trump in 2020, and calls Joe Biden an election thief (or one of a dozen other conspiracies). My understanding is that this is in direct violation of their tax-free status [1]. Maybe we should actually start enforcing this. [1] https://www.irs.gov/newsroom/charities-churches-and-politics EDIT: I couldn't remember the name of the thing that sta…

I live in a deep blue area much of the local churches, synagogues, and mosques, support Joe Biden. I've got no problem with that, or the reverse - some of these views just reflect their interpretation of their holy faith through their own perception. I'd rather we not go after religious organizations unless they are actually doing something criminal, sex crimes, financial crimes, etc.

https://en.wikipedia.org/wiki/Johnson_Amendment

It is explicitly against the rules to have the tax-free 5013c and endorse a political candidate.

If the churches explicitly endorse or oppose specific candidates, whether it's Joe Biden, Donald Trump, or Ross Perot, they are in violation of their tax-free status.

Now, you are of course free to disagree with the rules, but that's what the rules are as of right now.

Personally, I think it's a reasonable place to draw a line.

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