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They pay no corporate income or capital gains tax.
by _zagj 1y ago
They 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.