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> it's a tax-dodge, and nothing more. Same thing with non-profit hospitals whose administrators pay themselves seven-figure salaries. What do you mean by tax d
by WalterGR 1y ago
> it's a tax-dodge, and nothing more. Same thing with non-profit hospitals whose administrators pay themselves seven-figure salaries.
What do you mean by tax dodge, in this context?
How familiar are you with taxes? Off the top of my head, people who work for non-profits have to pay withholdings and income taxes, just like the rest of us. Generally, 'business' expenses for both non-profit and for-profit organizations (whether a McDonalds, university, church) are tax-deductible. Tax rules differ between states, but being a non-profit doesn't automatically exempt you from collecting and forwarding other forms of tax, such as sales tax.
- _zagj 1y agoThey pay no corporate income or capital gains tax.
- WalterGR 1y agoWell, right. In that case, all non-profits are "tax dodges" using the literal interpretation of the words. But tax dodge usually implies something unsavory... Is the issue that you don't think that any university - or perhaps specifically Harvard? - should be granted non-profit status? If that’s the case, then I'm curious what you think about the same question for religion-affiliated universities and non-profit organizations whose missions you agree with?
- _zagj 1y ago> all non-profits are "tax dodges" No, some of them operate like genuine non-profits by promoting some public good and compensate their executives only modestly. For example, the Salvation Army.
- p_ing 1y agoEducation is a supreme public good. If our society lacks education we end up having people question the utility of 501(c)(3) status of universities.
- WalterGR 1y agoOkay. Well, I'm sorry your feelings are so hurt. I'd suggest that you donate to the Salvation Army and not go to Harvard, then. It also sounds like you don't like education, so you could try looking for an organization that's trying to get rid of it.