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People who want to go after billionaires for taxes should be tackling non-profit charity donations. At this point I am not sure non-profits should get such lib

People who want to go after billionaires for taxes should be tackling non-profit charity donations. At this point I am not sure non-profits should get such liberal tax status and that includes churches, NGOs, and billionaire charities.

bullfightonmars 3y ago
Non-profits were always a tax dodge designed to provide tax shelters for the wealthy to influence society, democracy, education, etc.
- fragmede 3y ago
  there is that whole doing good that they're for. I know cynicism is easy to lean into, but let's not forget there is actually an element of good that some of them actually manage to do
  - bullfightonmars 3y ago
    Doing good is not required to be a nonprofit.
    - fragmede 3y ago
      It’s not requisite, but the people working there want to do good for the world. It’s not like there’s a non profit out there who’s mission is to do evil.
bastardoperator 3y ago
I think we should be looking for irregularities and investigate based on known accounting practices regardless of entity. A Church that pays taxes is just a business, and maybe they are already, but I'm not interested in religious institutions gaining fixed government representation (beyond what already exists) or becoming a theocracy.
dragonwriter 3y ago
> People who want to go after billionaires for taxes should be tackling non-profit charity donations. Really, they should be tackling capital income. But it wouldn’t hurt to also tackle charity donations.
- chung8123 3y ago
  This is going after capital income. This is a major write off that is used to bypass taxes on capital gains and income.
  - dllthomas 3y ago
    I believe what was intended by "tackling capital income" is reducing the favorable treatment of income derived from capital relative to income derived from labor.
    - chung8123 3y ago
      I agree but it doesn't matter either way if donations are a tax write off. In some cases these are write offs with no personal benefit but in some they are just shifting the money to a place where the user still has complete control. I am ok with throwing the baby out with the bath water here. I want churches, billionaires, school endowments, and everyone else to pay taxes like everyone else.
6510 3y ago
It's simple, their taxes should go towards the same stuff everyone else's goes to. I also donate to charity, after I pay taxes. It is hard to find a good one. The me myself and I memorial foundation doesn't serve anyone. The only thing the con got going for it self is a demonstration of government corruption.

bullfightonmars 3y ago

Non-profits were always a tax dodge designed to provide tax shelters for the wealthy to influence society, democracy, education, etc.

fragmede 3y ago
there is that whole doing good that they're for. I know cynicism is easy to lean into, but let's not forget there is actually an element of good that some of them actually manage to do
- bullfightonmars 3y ago
  Doing good is not required to be a nonprofit.
  - fragmede 3y ago
    It’s not requisite, but the people working there want to do good for the world. It’s not like there’s a non profit out there who’s mission is to do evil.

bastardoperator 3y ago

I think we should be looking for irregularities and investigate based on known accounting practices regardless of entity. A Church that pays taxes is just a business, and maybe they are already, but I'm not interested in religious institutions gaining fixed government representation (beyond what already exists) or becoming a theocracy.

dragonwriter 3y ago

> People who want to go after billionaires for taxes should be tackling non-profit charity donations. Really, they should be tackling capital income. But it wouldn’t hurt to also tackle charity donations.

chung8123 3y ago
This is going after capital income. This is a major write off that is used to bypass taxes on capital gains and income.
- dllthomas 3y ago
  I believe what was intended by "tackling capital income" is reducing the favorable treatment of income derived from capital relative to income derived from labor.
  - chung8123 3y ago
    I agree but it doesn't matter either way if donations are a tax write off. In some cases these are write offs with no personal benefit but in some they are just shifting the money to a place where the user still has complete control. I am ok with throwing the baby out with the bath water here. I want churches, billionaires, school endowments, and everyone else to pay taxes like everyone else.

6510 3y ago

It's simple, their taxes should go towards the same stuff everyone else's goes to. I also donate to charity, after I pay taxes. It is hard to find a good one. The me myself and I memorial foundation doesn't serve anyone. The only thing the con got going for it self is a demonstration of government corruption.