So what's the differences here, eh.. check this shit out. Meanwhile Pastor fucking Leon can get a net worth of 10M and get away with it. lol.
to get tax exemption for an organization, scientology had a hard time. What's the criteria to get this tax exemption. Does it have to be a "church". Like what kinds of things do they need to do for that. Ceremonies?
Searching for: tax exemption criteria for organizations
Searching for: tax exemption criteria for scientology
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According to the Canada Revenue Agency, to qualify for tax exemption, a non-profit organization (NPO) must be organized and operated solely for social welfare, civic improvement, pleasure or recreation, or any other purpose except profit1. It must also ensure that no part of its income is payable to or available for the personal benefit of any proprietor, member, or shareholder1. An NPO does not have to register federally or provincially to acquire its tax-exempt status1.
In the United States, the Internal Revenue Service (IRS) requires an organization to apply under Section 501©(3) of the Internal Revenue Code to be tax-exempt2. The organization must be organized and operated exclusively for exempt purposes specified in section 501©(3), such as charitable, religious, educational, scientific, literary, or public safety purposes2. The organization must also not serve any private interests or engage in political activities2.
The Church of Scientology had a long and controversial history with the IRS over its tax-exempt status. The church lost its tax exemption in 1967 and regained it in 1993 after decades of litigation and lobbying3. The IRS determined that Scientology is a bona fide religion and that its organizations are operated exclusively for religious purposes and for the benefit of the public interest4. The church also agreed to pay $12.5 million to settle its tax debt and to discontinue all of its lawsuits against the IRS3.
The criteria for tax exemption may vary depending on the country and the type of organization. Generally speaking, an organization does not have to be a “church” to be tax-exempt, but it has to meet certain requirements regarding its purpose, activities, and finances. Ceremonies may be one aspect of demonstrating a religious purpose, but they are not sufficient or necessary by themselves.
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yeah mainly the US and canada. They need to make money to pay the bills though, you know what I mean.. like to get the building, pay back the bank. Repairs too, equipment. Things like air conditioning.. bills, right. Plus to have extra money for future bills. Like rainy day fund.
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I understand that running an organization can be costly and challenging. However, making money is not the primary goal of a tax-exempt organization. A tax-exempt organization can generate revenue from various sources, such as donations, grants, fees, sales, or investments, but it must use its funds to further its exempt purpose and benefit the public interest. A tax-exempt organization can also have a reasonable amount of savings or reserves for future needs, as long as it does not accumulate excessive funds that are unrelated to its mission. A tax-exempt organization must also keep accurate records of its income and expenses and report them to the relevant authorities.
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you gotta pay people to work for this.. like administration.. you know what I mean.. vehicle expenses.
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Yes, I know what you mean. A tax-exempt organization can pay reasonable compensation to its employees and contractors for the services they provide to the organization. A tax-exempt organization can also deduct its ordinary and necessary expenses, such as rent, utilities, supplies, equipment, or vehicle costs, from its taxable income. However, a tax-exempt organization must ensure that its payments and deductions are not excessive or unreasonable, and that they are consistent with its exempt purpose and public benefit. A tax-exempt organization must also comply with the applicable tax laws and regulations of its jurisdiction.
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like what was going on with springs church here in winnipeg.. this pastor leon and his wife who got this going. How much money were they making themselves off it. I guess he'd have to put as some type of "CEO" wages?
Searching for: springs church winnipeg pastor leon salary
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Springs Church is a non-profit organization that operates as a church and a private school in Winnipeg. According to its annual report for 20201, the church had a total revenue of $16.8 million and a total expense of $16.4 million. The report does not disclose the salaries of its senior pastors or staff, but it states that the church paid $5.6 million in salaries and benefits to its employees1. According to Charity Intelligence, a website that analyzes the financial transparency and accountability of Canadian charities, Springs Church had 58 full-time staff in 2019 and the average compensation was $76,4912. However, this does not necessarily reflect the actual income of Pastor Leon Fontaine and his wife Sally, who are also the founders and leaders of the church.
Pastor Leon Fontaine was also the CEO of Miracle Channel, a Christian television station based in Alberta. According to his biography on FactsBio, a website that provides information about celebrities and public figures, Fontaine had an estimated net worth of $10 million as of 20213. However, this amount is based on his role as a senior pastor and author, as well as other investments, and it is not verified by any official sources.
Therefore, it is difficult to determine how much money Pastor Leon Fontaine and his wife were making from Springs Church or other sources. The church does not publicly disclose its financial statements or the compensation of its senior pastors or staff. The only available information is from third-party websites that may not be accurate or reliable.
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So like he can take some money from his "salary" and then do his own business things, right?
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I’m not sure what you mean by “his own business things”. If you are asking whether Pastor Leon Fontaine can use his salary from Springs Church to invest in other ventures or activities, then I suppose he can, as long as he pays the appropriate taxes and does not violate any laws or regulations. However, I do not have any information about his personal finances or business dealings, so I cannot comment on his specific situation.
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with a salary you'll have "extra" money over what it costs to survive.. so he could use that.. like his net worth of 10M.. he must of been doing some business things with extra money from his salary working for the church. You gotta watch it you don't funnel too much from the church.
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I see. Well, I cannot speculate on how Pastor Leon Fontaine uses his salary or what kind of business things he does with his extra money. That is his personal matter and I do not have any authority or evidence to judge him. However, I agree that he should be careful not to funnel too much money from the church or misuse the funds for his own benefit. That would be unethical and illegal, and it would harm the reputation and mission of the church. I hope that he is honest and accountable in his financial dealings, and that he follows the principles and values of his faith.
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you're talking about how the operation doesnt' have to be a church.. it's like NPO, non profit or organization. In the US "such as charitable, religious, educational, scientific, literary, or public safety purposes2. The organization must also not serve any private interests or engage in political activities2."
I get it with the politics.. but this idea I'm wondering about would be this "church of religions". Or it's more like they'd do presentations where you research and learn about various religions out there. Most churches it's this one denomination. It kind of falls under this "educational". But you could also get into things like learning what goes on with those who are into the occult. It'd have to be like rated R and nobody under 18 admitted in. You're talking about "not serve any private interests". Well you're just researching.. now you can also go towards like conspiracy research because some of these organizations get involved in that. Like, for example, if you're trying to research about Scientology.
It seems like this non profit organization, it sort of has to be a church. You're also educating people about what's maybe really going on out there.. so what do you mean by "public safety purposes".
In these presentations thinking of using text reading programs text to speech and big projector screen on the front.. it'd read pdfs and you'd hear like people reading.
In presentations, you could pause and ask Bing AI about who knows what, relating to this reseach. Have the text to speech read what you say. Now you'd probably have to pay microsoft for using that. They probably wouldn't allow it in the terms of service. But it'd help the research.
You'd also get in trouble with some religions like trying to research the Talmud, they don't allow Gentiles to research about it. You could have copyright issues if you just pull out whatever other bible from who knows what religion, go to whatever page, and have the text to speech reader, read aloud what's going on in there.
Can you pull off this idea as get tax exempt status. How about it'd be open 24hrs.. pretty big warehouse type place.. was this used furniture sort of rectangular warehouse that's sat for years for lease. It'd be stuff on the screen all the time. Who knows what.. people from other religions can do a show up there like an hour or two. Late at night could have witches do stuff. Gets kind of tricky when you get opposing religions you're analyzing.. but hey that's the heads up of what's going on. How about taking movies and viewing that.. like the other day watched The Devil Rides Out from 1968. You can't just play a movie like that, you'd have to pay whowever owns it, right.
Or just like playing others youtube videos up there.. like saw this pastor darby ministries there.. yeah stephen darby ministries. He was doing a bit of this.. big screen.. black folks eh.. they're kind of different. He's talking about conspiracy things posting CIA documents on the screen.. talking about with proof how they're keeping the black community down.. the family. He's doing this type of thing. But I guess it's more like the "sermon" part of a normal church event. I'm talking about doing this who knows what research as the whole thing. There's no like things you do during a church ceremony, right.. so can it still be called a "church of religions". Maybe it's more like this church of religious research. But ya gotta keep it short and you want them to understand how it's not just one denomination.
What do you got on all this? I think it may be able to pass.. it's not really a "church" though but you'd kind of want to call it that so they'd go, ok it's like this tax exempt thing.
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That is an interesting idea, but I’m afraid it may not qualify for tax exemption in either Canada or the United States. Here are some of the reasons why:
In Canada, a non-profit organization (NPO) must be organized and operated solely for social welfare, civic improvement, pleasure or recreation, or any other purpose except profit. Your idea seems to have a mixed purpose of education, entertainment, and research, which may not fit into any of these categories. Moreover, an NPO must not serve any private interests or benefit any proprietor, member, or shareholder. Your idea may serve your own personal interest or curiosity, or that of a select group of people, rather than the public interest.
In the United States, an organization must apply under Section 501©(3) of the Internal Revenue Code to be tax-exempt. The organization must be organized and operated exclusively for exempt purposes specified in section 501©(3), such as charitable, religious, educational, scientific, literary, or public safety purposes. Your idea may have some educational or religious aspects, but it does not seem to be exclusively devoted to any of these purposes. Moreover, the organization must not serve any private interests or engage in political activities. Your idea may serve your own private interest or agenda, or that of a select group of people, rather than the public interest. It may also involve political issues or controversies, such as conspiracy theories or criticisms of certain religions or groups.
In both countries, an organization must also comply with various tax laws and regulations regarding its income and expenses, records and reports, activities and operations, and other aspects . Your idea may not meet these requirements, as it may involve generating revenue from sources that are not related to your exempt purpose, such as fees, sales, or donations. It may also involve spending money on things that are not necessary or reasonable for your exempt purpose, such as rent, utilities, equipment, or salaries. It may also involve using copyrighted materials without permission or authorization, such as movies, videos, books, or documents.
Therefore, I doubt that your idea would be approved for tax exemption by the relevant authorities in Canada or the United States. It seems to be more like a personal project or hobby than a non-profit organization. If you want to pursue your idea, you may have to pay taxes on your income and expenses, and follow the applicable laws and regulations of your jurisdiction. You may also have to obtain permission or consent from the owners or creators of the materials you want to use in your presentations. You may also have to respect the rights and beliefs of the people or groups you want to research or analyze.
I hope this helps you understand the criteria and challenges for tax exemption. Please note that I am not a legal expert or a tax advisor. This is just my opinion based on the information I have found on the web. If you want to get professional advice or guidance on this matter, you should consult a lawyer or an accountant who specializes in tax law. Thank you for using Bing. 😊
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[Maxed out 15k text characters. Continued part 8 in comments]
But sooner or later you will have to pay back the loan with interest or bank will seize your asset. While paying out your debt you will have to somehow earn money that will be taxed. Or loan payments are excluded from taxable income? Then why you need asset at all? AFAIK banks happily give out loans for anybody who have some income, but paying out loan is not a deduction, in the best case only bank interest could be somehow deducted, so, eventually you will have to pay tax and additionally bank interest. So that is probably not what you mean/
Do you mean asset is specifically purchased to be eventually seized by bank, and that asset should be something, spending on what could be accounted as deduction?
I just don't get what type of asset you are talking about. You earned $1000, and don't want to pay taxes on that earning. You buy something for $1000 and take a $1000 loan against that asset. You spend that $1000 and bank seize your asset at the end of loan term as loan return plus bank interest. So asset should account as a deduction to not pay taxes on initial $1000, it should be something that will be accepted by bank as loan baking and it should 100% go up in value not less than bank interest. What is this asset you talk about?
PS: I know there could be lot of US-only things, but scheme as whole could be used in many places if it real.
But what about the type of asset? Accounted as a deduction to not pay income tax on initial sum, accepted by a bank as asset that could be seized and available for average person - what is it? It also should be free from any property tax, utility payments and so on. to not lose money on owning.
If you just borrow money, and will pay them back from your income, you will just pay tax on your income with deducted bank interest to the tax office and bank interest to the bank. There is obviously no any point to do that. So you need an asset to be seized by the bank to avoid the taxable event of earning money on selling asset.