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What would happen if we simply ended all tax exempt status

#26
(This post was last modified: 10-09-2015, 04:44 PM by boudreaumw.)

Quote:But who decides whether they are out for a profit or not?   What if the person organizing and starting up the "charity" pays himself a million dollar salary?   What if they like to travel all over the world first class?   What if they hire their daughter to help them run it?   What if they hire their friends and pay them hundreds of thousands of dollars in salaries?   At what point does it become a profit making organization?  
I think this is actually fairly easy to do. Take the average of the charities percentage of money brought in to money given out. You can then label anyone within the threshold as passing or failing the exemption test. Would it be this simple? Of course not but it is an idea of how you could go about it. 


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What would happen if we simply ended all tax exempt status - by boudreaumw - 10-09-2015, 04:44 PM



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