GB selling Brooklyn property is BRILL...

GB selling Brooklyn property is BRILLIANT!

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JW 4 Life

Libertyville, IL

#1 Sep 8, 2013
This is yet another piece of proof that Jehovah is blessing His organization. For years, many have speculated the destruction of Babylon the Great will come by means of removing their tax-exempt status. Well, if you've been reading the news lately you know this will happen in the very near future. Religious organizations across the globe will be unable to afford the expensive property and income taxes levied against them and will try to sell their holdings. But, their desperation will be met with savy real estate investors unwilling to pay top dollar due to the market being flooded with religious properties for sale. We will see religious properties seized, foreclosed on, auctioned off, and the "traveling merchants" saying at a distance "too bad, too bad, you once great city....". Yet, Jehovah's people will be able to pay "caesar's things" without a problem. Yes, the world headquarters will dwell in the "open rural land" in upstate New York. Absolutely brilliant.
Snorkler

Johannesburg, South Africa

#2 Sep 8, 2013
Check Mate !

“Life is short, enjoy life.:-).”

Since: Aug 13

Iraq

#3 Sep 8, 2013
JW 4 Life wrote:
This is yet another piece of proof that Jehovah is blessing His organization. For years, many have speculated the destruction of Babylon the Great will come by means of removing their tax-exempt status. Well, if you've been reading the news lately you know this will happen in the very near future. Religious organizations across the globe will be unable to afford the expensive property and income taxes levied against them and will try to sell their holdings. But, their desperation will be met with savy real estate investors unwilling to pay top dollar due to the market being flooded with religious properties for sale. We will see religious properties seized, foreclosed on, auctioned off, and the "traveling merchants" saying at a distance "too bad, too bad, you once great city....". Yet, Jehovah's people will be able to pay "caesar's things" without a problem. Yes, the world headquarters will dwell in the "open rural land" in upstate New York. Absolutely brilliant.
Here another good example from sheep "JW4lifesentence". Here you see that they haven't got a clue what's going on in world politics or anything that matters in world news, they are just copy each others bleating and flock after one another.... He is right about one thing, it's brilliant what the GB does, in an way.
Did you already reserve your life (real) estate to the GB. It's not very difficult, it's explained in the November 15 WT of this year.... Brilliant, absolutely brilliant!

Since: Nov 09

Location hidden

#4 Sep 8, 2013
Are they at it again?

Watchtower of May 15, 1984, page 6:

“This prophecy makes it clear that, just prior to the end of
this system of things,‘peace and security’ will be declared
in some exceptional way, whether by the United Nations or independently
by political and religious leaders. What will follow that
declaration? Paul said:‘Then sudden destruction will
be instantly upon them.’—1 Thessalonians 5:2, 3”

“In the near future, the nations will say ‘Peace and security!’”(w13 11/15 p.12)

They were saying the same things in 1914, 1918, 1930, 1945, etc, etc. One day they will surely get it right.
Remnant143999

Albuquerque, NM

#5 Sep 8, 2013
The wtbts are brilliant sell as fast as they can and doposit in the Cayman Islands.

Since: Jun 13

Location hidden

#6 Sep 8, 2013
Their property is estimated at a value of just over 1 billion dollars, but they are not getting that much for it, how brilliant is that?

And they need volunteer work in order to build their new facilities even though they just made 375 million dollars in cash, how firkin brilliant is that. If you can't build a building with 375 million dollars in cash, your pretty frikin stupid and you jw's are handing your money and lives over to these dumbasses.
JW 4 Life

Libertyville, IL

#7 Sep 8, 2013
MarcelB wrote:
<quoted text>
Here another good example from sheep "JW4lifesentence". Here you see that they haven't got a clue what's going on in world politics or anything that matters in world news,
Now that was an idiotic statement. Due to the latest child abuse scandals, political influence, and hate filled rhetoric, the general public sentiment is becoming more and more anti-religion. Couple this with politicians looking for ways to generate more tax revenue in these stressful financial times along with generation x'ers disdain for religion and you have the perfect storm.

If taxed, the amount of revenue generated this year would be $71 BILLION dollars. With state pensions not being funded, police officers laid off, and 36 governmental agencies going bankrupt it's just a matter of time. With cities wanting to avoid the fate of Detroit, it won't be long before state legislators will revoke the tax exempt status of churches.

The Supreme Court same sex marriage decision already has the IRS hinting of removing the tax exempt status of churches not accepting or performing same sex marriages.

Babylon is about to go down!
JW 4 Life

Libertyville, IL

#8 Sep 8, 2013
Matt9969 wrote:
Their property is estimated at a value of just over 1 billion dollars, but they are not getting that much for it, how brilliant is that?
Another idiotic statement from a hater. Your worldly thinking would try to squeeze every red cent from real estate investors until they became so fed up with you they'd walk away from the table. The Brooklyn properties were acquired 70 years ago, have had tax exempt status, and have turned a HUGE profit. BRILLIANT!!!

2004 – 360 Furman Street – sold for $205 million
2006 – 67 Livingston Street – sold for $18.6 million
2006 – 89 Hicks Street – sold for $14 million
2007 – 169 Columbia Heights – sold for $50 million
2011 – 50 Orange Street – sold for $7.1 million
2012 – 165 Columbia Heights – sold for $4.1 million
2012 – 161 Columbia Heights – sold for $3 million
2012 – 183 Columbia Heights – sold for $6.6 million
2012 – 105 Willow Street – sold for $3.3 million
2012 – 34 Orange Street – sold for $2.825 million
2012 – Bossert Hotel – sold for $81 million
2012 – 67 Remsen Street – sold for $3.25 million
2013 – 173 Front Street, 177 Front Street & 200 Water Street – sold for $30.6 million
2013 – 55 Prospect Street, 81 Prospect Street, 117 Adams Street, 77 Sands Street, 90 Sands Street & 175 Pearl Street – sold for $375 million
TOTAL (so far)–$804,375,000.
JW 4 Life

Libertyville, IL

#9 Sep 8, 2013
Remnant143999 wrote:
The wtbts are brilliant sell as fast as they can and doposit in the Cayman Islands.
Another poster with limited knowledge of finances. The banks in the Cayman Islands are for small time politicians. Bearer bonds are for big time players.

“Life is short, enjoy life.:-).”

Since: Aug 13

Baghdad, Iraq

#10 Sep 8, 2013
JW 4 Life wrote:
<quoted text>
Now that was an idiotic statement. Due to the latest child abuse scandals, political influence, and hate filled rhetoric, the general public sentiment is becoming more and more anti-religion. Couple this with politicians looking for ways to generate more tax revenue in these stressful financial times along with generation x'ers disdain for religion and you have the perfect storm.
If taxed, the amount of revenue generated this year would be $71 BILLION dollars. With state pensions not being funded, police officers laid off, and 36 governmental agencies going bankrupt it's just a matter of time. With cities wanting to avoid the fate of Detroit, it won't be long before state legislators will revoke the tax exempt status of churches.
The Supreme Court same sex marriage decision already has the IRS hinting of removing the tax exempt status of churches not accepting or performing same sex marriages.
Babylon is about to go down!
Really, where do you get it.... You are probably not aware that if they do it to churches they have to do it to all charity organizations, according the law... Further more you are probably not aware that most of the politicians are affiliated with Christianity ...... So, that won't happen.... Even so, if some tax was raised that would not mean they are going down as you say it... Don't forget JW organization will have the same problems...
Your post show really little sense of reality.... But hey, that's just one quality of JW's.......
Find Your Way Back

Wausau, WI

#11 Sep 8, 2013
JW 4 Life wrote:
<quoted text>
Another poster with limited knowledge of finances. The banks in the Cayman Islands are for small time politicians. Bearer bonds are for big time players.
Your so Clueless !

“Life is short, enjoy life.:-).”

Since: Aug 13

Baghdad, Iraq

#13 Sep 8, 2013
JW 4 Life wrote:
<quoted text>
Another idiotic statement from a hater. Your worldly thinking would try to squeeze every red cent from real estate investors until they became so fed up with you they'd walk away from the table. The Brooklyn properties were acquired 70 years ago, have had tax exempt status, and have turned a HUGE profit. BRILLIANT!!!
2004 – 360 Furman Street – sold for $205 million
2006 – 67 Livingston Street – sold for $18.6 million
2006 – 89 Hicks Street – sold for $14 million
2007 – 169 Columbia Heights – sold for $50 million
2011 – 50 Orange Street – sold for $7.1 million
2012 – 165 Columbia Heights – sold for $4.1 million
2012 – 161 Columbia Heights – sold for $3 million
2012 – 183 Columbia Heights – sold for $6.6 million
2012 – 105 Willow Street – sold for $3.3 million
2012 – 34 Orange Street – sold for $2.825 million
2012 – Bossert Hotel – sold for $81 million
2012 – 67 Remsen Street – sold for $3.25 million
2013 – 173 Front Street, 177 Front Street & 200 Water Street – sold for $30.6 million
2013 – 55 Prospect Street, 81 Prospect Street, 117 Adams Street, 77 Sands Street, 90 Sands Street & 175 Pearl Street – sold for $375 million
TOTAL (so far)–$804,375,000.
That is a lot of money, for sure. but again it showes that you have no clue what you are talking about. This time in respect to real estate. Due to the financial crisis the prices of real estate dropped dramatically especially on buildings as you mention here above. They had to sell it before 2009 or kept it for some time that the market is growing again ( as it slowly does at the moment) So now they are selling it with much less profit as foreseen a couple of years ago makes one think..... Why they had to sell so quick out of nowhere.....? Give it a try JWinspiteoflife.....
JW 4 Life

Libertyville, IL

#14 Sep 8, 2013
MarcelB wrote:
<quoted text>
Really, where do you get it.... You are probably not aware that if they do it to churches they have to do it to all charity organizations, according the law... Further more you are probably not aware that most of the politicians are affiliated with Christianity ...... So, that won't happen.... Even so, if some tax was raised that would not mean they are going down as you say it... Don't forget JW organization will have the same problems...
Your post show really little sense of reality.... But hey, that's just one quality of JW's.......
Your post shows you live in a world without realities.

Politicians are affiliated with churches only to obtain votes. But, their allegiance is to their own pockets. And yes, tax exempt organizations will fall too. There are no "sacred cows" in the eyes of a politician when this occurs. An issue soon facing many churches will be either they allow homosexuality or lose their tax-exempt status. This will expose false religion even more.

And yes, Kingdom Halls and other JW real estate will lose tax exempt status, but the tax assessment on KH property will be very small compared to other churches. Also, local elders do not receive salaries, houses, or cars paid by the congregation like the clergy of christendom. So, KH property will be very affordable to keep.

The average real estate tax on a KH in Illinois -$15,000
Divided by four congregations -$3750
Divided by 12 months -$312.50
Divided by 90 publishers -$3.47 per month
Equals chump change.

Most churches in my area are elaborate, with day care centers and schools attached. There's also a house next door or in the area for the pastor to live in. The average pastor salary in my area is $80K. The average salary for a deacon is $45K. That's a lot of tax exempt income and property that will need to be accounted for.
JW 4 Life

Libertyville, IL

#15 Sep 8, 2013
MarcelB wrote:
<quoted text>
That is a lot of money, for sure. but again it showes that you have no clue what you are talking about. This time in respect to real estate. Due to the financial crisis the prices of real estate dropped dramatically especially on buildings as you mention here above. They had to sell it before 2009 or kept it for some time that the market is growing again ( as it slowly does at the moment) So now they are selling it with much less profit as foreseen a couple of years ago makes one think..... Why they had to sell so quick out of nowhere.....? Give it a try JWinspiteoflife.....
Again, you'd hold on to the property for 10 years until you can sell for 2008 prices. But, within the next ten years if religion loses it's tax-exempt status your desperation to sell such prime real estate because you can't afford the enormous tax bill will put you at the mercy of every savy investor. Remember, there's tons of churches in the 5 burroughs that will put up 'for sale' signs along with you. Your greed would be your ruin.

“Life is short, enjoy life.:-).”

Since: Aug 13

Baghdad, Iraq

#17 Sep 8, 2013
JW 4 Life wrote:
<quoted text>
Your post shows you live in a world without realities.
Politicians are affiliated with churches only to obtain votes. But, their allegiance is to their own pockets. And yes, tax exempt organizations will fall too. There are no "sacred cows" in the eyes of a politician when this occurs. An issue soon facing many churches will be either they allow homosexuality or lose their tax-exempt status. This will expose false religion even more.
And yes, Kingdom Halls and other JW real estate will lose tax exempt status, but the tax assessment on KH property will be very small compared to other churches. Also, local elders do not receive salaries, houses, or cars paid by the congregation like the clergy of christendom. So, KH property will be very affordable to keep.
The average real estate tax on a KH in Illinois -$15,000
Divided by four congregations -$3750
Divided by 12 months -$312.50
Divided by 90 publishers -$3.47 per month
Equals chump change.
Most churches in my area are elaborate, with day care centers and schools attached. There's also a house next door or in the area for the pastor to live in. The average pastor salary in my area is $80K. The average salary for a deacon is $45K. That's a lot of tax exempt income and property that will need to be accounted for.
Mark my words, it won't happen...... And since JW's are not that good in fore saying things to happen, I wouldn't.t wanna hold on to that idea.... Saves you a lot of disappointment........ By the way, went to the KH today attending the watchtower meeting? How the 15 Juli WT talk went.... See any new light?
JW 4 Life

Libertyville, IL

#18 Sep 8, 2013
DR SOS wrote:
<quoted text>Im Bit CONFUSED ABOUT YOUR MINDSET,
SO YOU ARE SAYING WHEN TAX EXEMPT STATIS GETS CUT AND RELIGION HAS TO PAY TAXES THEN THE WT WILL COME OUT ON TOP?
I'm saying by WT selling their prime Brooklyn real estate and relocating to Wallkill and Warwick it reduces their potential tax burden drastically. And the $800 billion in profits if invested wisely can offset said tax burden.
JW 4 Life

Libertyville, IL

#21 Sep 8, 2013
JW 4 Life

Libertyville, IL

#22 Sep 8, 2013
DR SOS wrote:
<quoted text>"if invested wisely"
INVESTED IN STOCKS OR HEDGE FUNDS?
Does it really matter? Oh wait, don't tell me you're another hater who thinks witnesses don't know the WT invests in the stock market are you? The WT has a team of financial advisors and lawyers that will suggest the best investment for which the GB purposes to advance the org.

“Life is short, enjoy life.:-).”

Since: Aug 13

Baghdad, Iraq

#23 Sep 8, 2013
JW 4 Life

Libertyville, IL

#26 Sep 8, 2013
DR SOS wrote:
<quoted text>
BEING FILTHY RICH JUST DISPROVES THEIR POINT THAT THEY ARE NO PART OF THE WORLD.
BEING FILTHY RICH WITH NO CHARITIES JUST MAKES THE WTS LOOK BAD IN THE PUBLICS EYES AND IN GODS EYES.
Yet another idiotic statement. Having $800 billion in cash reserves doesn't make a corporation rich. It makes them AAA rated. The best work done by the org. is the preaching work. You sound like Judas when arguing with Jesus over the costly oil.

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