Quote:
Originally Posted by Illuminati Primus
The Church of Satan also contends that the revokation of tax exempt status would bankrupt a lot of churches, does anyone know if that's the case? (personally I think that's a bit hyperbolic as losing 20%-odd of your income surely couldn't bankrupt you?)
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I do think that revoking tax exempt status would bankrupt many churches. Not by having to pay income taxes but the property taxes on the land and buildings that they own would put them into bankrupcy.