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$2mil? Really? That kind of puts a crack in the idea of it being a non-profit.
by xhkkffbf 6y ago
$2mil? Really? That kind of puts a crack in the idea of it being a non-profit.
- dwighttk 6y agoHow?
- xhkkffbf 6y agoThe non-profits I know do things like raise money for the poor or indigent. The principals get paid a very basic rate. How many programmers could that $2m employ? How many folks could be hired to bridge the digital divide? I can think of many, many ways to spend that $2m besides making some exec richer. It seems like Mozilla is getting a huge check from Google, paying fancy salaries to some insiders, and then not paying taxes. In my mind, the word "non-profit" means an organization run with more than profit in mind. But maybe you just think it's a clever word for "lucky folks who don't pay taxes."
- dwighttk 6y agosalary and profit are different things
- xhkkffbf 6y agoOnly in name. To the exec bringing home $2m, it doesn't really matter whether it's called "salary" or "profit sharing." There might be a tax distinction, but the champagne will taste the same either way for the rich exec.
- dwighttk 6y agoExcept exec does pay taxes on salary ... You originally accused me of thinking “it's a clever word for "lucky folks who don't pay taxes."” I don’t understand either of your responses.
- ceejayoz 6y ago"Not for profit" does not mean "cannot make a profit" nor does it mean "cannot pay staff money". See also: hospitals, colleges, etc.
- xhkkffbf 6y agoI don't think hospitals or colleges are without criticism either. I think it's positively criminal for universities to charge outrageous tuition, saddle another generation with impossible debt, and then pay their execs multi-million dollar salaries. It's just as wrong for them to abuse the system too.
- vaccinator 6y agoYeah, non-profit is a joke...specially when hospitals claim it...