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> ...non-profit tax status is widely abused in the US by professionals who make management a lifetime occupation. In what way? Any sources?
by humanrebar 8y ago
> ...non-profit tax status is widely abused in the US by professionals who make management a lifetime occupation.
In what way? Any sources?
- KindOne 8y agoMaybe something like this? http://articles.latimes.com/2010/nov/24/business/la-fi-bbb-20101124 http://articles.latimes.com/2010/nov/24/business/la-fi-bbb-2... https://money.cnn.com/2013/10/10/news/nonprofit-ceo-pay/ https://money.cnn.com/2013/10/10/news/nonprofit-ceo-pay/ https://www.charitywatch.org/top-charity-salaries https://www.charitywatch.org/top-charity-salaries Some people abuse the position (like management) they are in and get get paid way too much money for the position.
- xchaotic 8y agoA related example is Zuckeberg charity - they simply moved some of their wealth to a charity but retain full control on how it's spent, it's just tax free now. http://fortune.com/2015/12/02/zuckerberg-charity/ http://fortune.com/2015/12/02/zuckerberg-charity/
- bb611 8y agoIt's not a charity, his donations to it aren't tax deductible or tax free. If the business makes tax deductible donations those will pass back to him.