3 ms·
The 6.9 million is income taxed so what's the problem, it would be the exact same tax scheme if it was a for-profit business.
by asdasdsddd 2y ago
The 6.9 million is income taxed so what's the problem, it would be the exact same tax scheme if it was a for-profit business.
- Dalewyn 2y agoOne of the justifications argued for non-profits is they "don't pay out profits to owners". MoCo/Fo is one, particularly outlandish, example where a "non-profit" makes a substantial profit and pays it out to its owner(s).
- asdasdsddd 2y agoAnd anything paid out to owners in the form of salary is taxed. The point is that they can't pay dividends or do buybacks
- chung8123 2y agoIt would be double taxed in a for profit. The business would be taxed and the income would be taxed.
- bigstrat2003 2y agoThe business would not necessarily be taxed. Corporate taxes are on profits, not revenues.
- asdasdsddd 2y agoNo, corporate taxes are paid on net income which does not include salary