In the wake of the IRS "scandal" singling out Tea Party groups for extra scrutiny, it has been suggested that perhaps there should be no such thing as a tax-exempt status for NPOs. After all, if they are truly non-profit and not making a profit, they wouldn't have to pay taxes anyway.
Why should Harvard University get to enjoy $7 billion in annual investment income tax-free?
And how do the NRA, Sierra Club, and Miss America Organization qualify as "social welfare organizations"?
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