TIME Article
One Nation, Tax Exempt

If charities are truly nonprofit, why do they need the protection of the tax code?

Read more: http://swampland.time.com/2013/05/30/one-nation-tax-exempt/#ixzz2ZFWOim1X
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5,597 hits Rate me! Share Favorite | Flag 7 years ago by Raisinman

Should non-profit organizations be tax-exempt?
TIME Article
One Nation, Tax Exempt

If charities are truly nonprofit, why do they need the protection of the tax code?

Read more: http://swampland.time.com/2013/05/3...


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7 yrs ago, 4 mos ago - Tuesday 7/16/13 - 6:25:56 PM EST (GMT-5)
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"?
7 yrs ago, 3 mos ago - Friday 8/2/13 - 4:23:24 PM EST (GMT-5)
It's not profit it's just so that they can use every penny they get instead of having it taxed



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