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Unfortunately non profit != charitable. That’s what this article is all about. Separating charitable non profits from non charitable non profits and taxing th
by addicted 2y ago
Unfortunately non profit != charitable.
That’s what this article is all about. Separating charitable non profits from non charitable non profits and taxing the latter.
- Laaas 2y agoNo, a non-profit is by definition a charity _for something_. It’s a public benefit, and thus not taxed. If it’s not a charity, but uses 501(c)(3), that’s just tax fraud! Tax fraud is already illegal! You read the law at https://www.law.cornell.edu/uscode/text/26/501 https://www.law.cornell.edu/uscode/text/26/501
- addicted 2y agoI deliberately avoided the usage of the term “charity” because the legal definition for tax purposes is indeed different from what people colloquially think of as charities. I used the unwieldy terms “charitable non profit” and “non charitable non profit”, and your link proves me right by explicitly pointing out that charitable organizations are only 1 form of non profit that is tax exempt. > exclusively to religious, charitable, scientific, literary, educational, and fraternal purposes
- HDThoreaun 2y agoMost hospitals are not charities. Theyre run by MBAs and everything is about profit margins