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Surely they have never turned a profit and are a long way from being profitable. If so, what taxes, current or back, would they owe?
by next_xibalba 1y ago
Surely they have never turned a profit and are a long way from being profitable. If so, what taxes, current or back, would they owe?
- selectodude 1y agoThe money they received was tax deductible for the people who “donated it”. They money should have been taxed as income for either the earner or OpenAI.
- verdverm 1y agoI'd be curious if people were actually writing off their OpenAI bills as donations. That would be a big number for the enterprise deals, if they qualify as a donation
- the_duke 1y agoSurely the money coming in would otherwise have been investments exchanged for stock, which are not taxed until gains are realized.
- verdverm 1y agoIncome taxes are not the only tax non-profits are exempted from. Sales and property taxes are others, depending on jurisdiction, California being one such state. I am not familiar if OpenAI-NP has been exempted from these https://www.fplglaw.com/insights/california-nonprofit-law-essentials-part-4-state-tax-exemption/ https://www.fplglaw.com/insights/california-nonprofit-law-es...