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I do think it's time to have a conversation about the maximum assets a non-profit can have under the control of a single group of individuals. I think a reasona
by sfblah 3y ago
I do think it's time to have a conversation about the maximum assets a non-profit can have under the control of a single group of individuals. I think a reasonable maximum is $1B, beyond which entities would be taxed.
- whimsicalism 3y agoWhy? Also what do you mean by single group of individuals.
- yieldcrv 3y agoI’d prefer more people understood the tax code because the government offers many options to never boost its revenue and is literally telling people where to put their energy, spelled out in its tax literature
- emmelaich 3y agoProbably should be a limit to a single individuals remuneration too. If the board and the CEO collude, they can set the CEO's salary at the expected difference between revenue and expenses. Result: no profit!
- yieldcrv 3y agoThe CEO pays tax on that salary. The nation's nearly highest taxes in fact.