Should banks, hospitals and churches be Taxed?
2007-03-23 06:32:25 · 7 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
They all are!
Banks are private entities are all taxed.
Hospitals and churches pay their taxes based on "unrelated business income".
2007-03-23 07:25:05 · answer #1 · answered by bold4bs 4 · 2⤊ 2⤋
Should we change the tax laws? Possibly. Everyone has a different opinion.
It might be easier to tax just individuals and leave entities be. In any case someone will find an avenue for abuse.
Stop people from being greedy and hope to make them more honest. Maybe then we can truly evaluate if a tax system "works".
2007-03-23 06:57:40 · answer #2 · answered by Molly 6 · 0⤊ 2⤋
Banks and for-profit hospitals are. Non-profit hospitals and churches are not.
2007-03-23 08:11:39 · answer #3 · answered by Bostonian In MO 7 · 0⤊ 1⤋
Bnaks are taxed. Hospitals are taxed, unless they are run by a charity. Churches aren't taxed, but should be.
2007-03-23 07:06:18 · answer #4 · answered by taxman 2 · 0⤊ 2⤋
Not if they are a Non-Profit entity. Banks are usually For-Profit.
2007-03-23 06:38:22 · answer #5 · answered by SuccessBroker 2 · 0⤊ 1⤋
banks should. I'm not sure about the others.
2007-03-23 06:41:56 · answer #6 · answered by carninuz1 2 · 0⤊ 1⤋
Banks are taxed.
What makes you think that they were not?
2007-03-23 07:04:31 · answer #7 · answered by Wayne Z 7 · 1⤊ 1⤋