The advent of megachurches has led to a debate over the purported uses of religion as a money-making tool. Critics claim that such churches are more concerned with entertainment than religion, while concerns have also been raised over the churches’ application of corporate business models.
Many of these churches generate millions of dollars in revenue annually and are not subject to the same disclosures that charities are on tax-exempt revenues. According to a Forbes article, the average net income of megachurches in the U.S was estimated at $4.8 million in 2003, while being exempted from some $7.2 billion in taxes in total.
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