[quote=SK in CV]
They get a double tax-exemption. Not only are their net profits not subject to income tax, contributions made by donors are deductible for many people. In some localities, real estate owned by religious organizations are exempt from property taxes.
While calculations of the dollar value of these exemptions is difficult, it’s been estimated the cost of religious tax exemptions is as high as $71,000,000,000 per year. That’s double the amount spent on the two largest tax subsidies for other industries (financial and utilities).[/quote]
