Why the IRS will likely do nothing about Mormon and Scientology illegal slush funds - 2019-12-18

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F347.png Why the IRS will likely do nothing about Mormon and Scientology illegal slush funds December 18, 2019, Jeffrey Augustine, Underground Bunker

Monday night, the Washington Post uncorked a stunning investigation based on a whistleblower's confidential report to the IRS. The report, written by a former employee of a subsidiary of the Mormon church, claimed that the church has, in violation of its tax exempt status, amassed a fortune of $100 billion. And instead of making expenditures of that money for charitable purposes, it's been using the money to bolster the church's for-profit enterprises.

We wrote up a quick rundown of the story, and pointed out that the $100 billion represented about $6,667 for each of the 15 million members of the Mormon church. With about $3 billion in reserve, Scientology has a far higher per capita bloat, at about $150,000 per member, assuming a membership of only about 20,000. Will the IRS do anything about either of these organizations amassing such huge fortunes, violating their tax exempt status? For more thoughts on the Washington Post's bombshell, Jeffrey Augustine penned this piece for us.

Situated on the outskirts of Salt Lake City, Ensign Peak is considered a sacred site by the Church of Jesus Christ of Latter-Day Saints. A few days after arriving in Salt Lake, Brigham Young and other early LDS leaders "raised an ensign to the nations" to signify that this land, its people, and their church would become a beacon unto the nations. A stone monument was erected atop Ensign Peak to signify this event in Mormon history.

Wikipedia cite:
{{cite news | first = Jeffrey | last = Augustine | title = Why the IRS will likely do nothing about Mormon and Scientology illegal slush funds | url = https://tonyortega.org/2019/12/18/why-the-irs-will-likely-do-nothing-about-mormon-and-scientology-illegal-slush-funds/ | work = Underground Bunker | date = December 18, 2019 | accessdate = December 19, 2019 }}