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Then lets make everyone a non-profit for tax purposes, since its the same.
by conanbatt 7y ago
Then lets make everyone a non-profit for tax purposes, since its the same.
- joshuaissac 7y agoHow is it the same? The newspaper is an actual non-profit (the shareholders had to give up control to get the status) but what you seem to be suggesting is to give for-profit businesses non-profit status for tax purposes even when they are not actually non-profit organisations. Or do you mean that businesses should be able to convert to non-profit organisations when the business is no longer viable? I can agree with that sentiment. If the shareholders are prepared to give up control, and the creditors are paid off, it would be great if businesses converted to tax-exempt non-profits instead of going bust entirely.
- conanbatt 7y agoPrevious poster implied that all businesses are influenced by government so the non-profit status does not have additional bindings. I answered that if all businesses are regulated by government regardless, why collect taxes at all, since they are all extensions of government willpower.
- Dylan16807 7y agoThe reason the government collects taxes is to make money, not to extend willpower to the businesses it taxes. The extra influence for non-profits is a side effect and not very large compared to baseline laws. It's not a goal, and it wouldn't make up for the loss of revenue; it serves a much smaller and completely different purpose.
- joshuaissac 7y agoThe impression I got from their post was that businesses are just as prone to government influence as non-profits,[1] not that they are all extensions of government willpower. That does not follow unless you assume that all non-profits are also government puppets. 1. I am not saying they were right or not because I just don't know, just my reading of the post.