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Does this plan make sense? v3 (lemmy.world)

submitted 8 months ago by [email protected] to c/[email protected]

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[–] [email protected] 0 points 8 months ago (1 children)

I think we agree to an extent, but I now believe that we should end tax exempt status completely. Remove (Title 26, Subtitle A, Chapter 1, Subchapter F - Exempt Organizations) from the U.S. Code entirely. There are too many convoluted exceptions, and it generally doesn't benefit citizens to pick and choose who pays tax and who doesn't depending on what they do.

[–] [email protected] -1 points 8 months ago (1 children)

understood! i think you may have lost me and a lot of people there though. non profits do a lot of good and their exemptions are a key part of incentivising that good.

[–] [email protected] 0 points 8 months ago

non profits do a lot of good

I don't think it's that simple. I think we should get rid of the status entirely. There are plenty of nonprofits that don't do good.

https://en.wikipedia.org/wiki/Turning_Point_USA#Controversies