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Tommyblockhead20 t1_j87mwte wrote

I’m confused, it sounds like you are suggesting taxing churches will lead to significant tax revenue? It’s always crazy this idea is so popular on Reddit when there’s so many simple reasons it’s a bad idea. Now some people that say it just want churches to be classified as regular non profits, or they don’t care about the money and just have a hate boner for churches, but those that actually want the tax revenue make the least sense as it’s so easily disprovable.

US churches revenue is about $75 billion a year. Assuming we classify them as corporations, they have a super high profit margin of 20% (that’s not the case irl), and they don’t get any tax dedications so they pay the full 21% corporate tax rate, that ridiculously liberal estimate still only means $3 billion in taxes.

With how much waste that is in the military, it’s sensible to cut funding, as much as 400 billion. If we raise corporate taxes 4%, that will bring in 480 billion. If we halve healthcare cost down to what other countries spend, that saves about 2 trillion. Putting something that even in a best case hypothetical, brings in a couple billion, in the top 3 priorities is laughable (and that’s ignoring all the other problems with it).

And, once again, if we are going for tax revenue, forcing billionaires to actually pay their income tax won’t help much either, as they almost entirely make their wealth off capital gains and/or already possess the money. Even a wealth tax on just billionaires is suboptimal. Billionaires have $12 trillion in wealth. Those worth between 10 million and a billion? $80 trillion.

So how about this

• ⁠health care

• ⁠eliminate tax loopholes

• ⁠weath tax and higher capital gains tax for those worth $10 million+

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