Trump says Harvard will lose tax exempt status
bloomberg.com
Trump says Harvard will lose tax exempt status
1–10 of 23 posts
Re: Trump says Harvard will lose tax exempt status
#2[flagged]
Re: Trump says Harvard will lose tax exempt status
#3What prevents them from instead justifying tax-exempt status as a faith-based nonprofit for their FSM-related charitable work, say?
Re: Trump says Harvard will lose tax exempt status
#4[flagged]
Re: Trump says Harvard will lose tax exempt status
#5What prevents them from instead justifying tax-exempt status as a faith-based nonprofit for their FSM-related charitable work, say?
I think that assumes that there's some fair evaluating of tax status going on.
Harvard defied Trump and that's why they're making this push. I don't think any given argument to the feds will change that math.
If you work for the feds, I think you know that if you were to follow a process and find that Harvard should retain their tax exempt status then you won't have a job long.
Re: Trump says Harvard will lose tax exempt status
#6I question whether Trump has the legitimate legal authority to decide the taxable status of specific institutions. If he wants to change the rules about what qualifies for tax-exempt status, that takes an act of Congress (which he can probably get, eventually).
What he can do is tell the IRS to go through the existing rules and find a reason why Harvard doesn't qualify for tax-exempt status. The problems will be that, first, whatever the reason given will be, it will head for a court case, and second, it will be almost impossible to interpret the rules so that the new interpretation hits Harvard only (and not, say, the other Ivy League schools).
Re: Trump says Harvard will lose tax exempt status
#7[flagged]
What's the rationale about this "hedge fund" theory?
Just the fact that they have money is invested?
Re: Trump says Harvard will lose tax exempt status
#8[dead]
Re: Trump says Harvard will lose tax exempt status
#9I question whether Trump has the legitimate legal authority to decide the taxable status of specific institutions. If he wants to change the rules about what qualifies for tax-exempt status, that takes an act of Congress (which he can probably get, eventually). What he can do is tell the IRS to go through the existing rules and find a reason why Harvard doesn't qualify for tax-exempt status. The problems will be that…
This is just one of those things he says to appeal to his base. Nothing will come out of it.
Re: Trump says Harvard will lose tax exempt status
#10I question whether Trump has the legitimate legal authority to decide the taxable status of specific institutions. If he wants to change the rules about what qualifies for tax-exempt status, that takes an act of Congress (which he can probably get, eventually). What he can do is tell the IRS to go through the existing rules and find a reason why Harvard doesn't qualify for tax-exempt status. The problems will be that…
This is just one of those things he says to appeal to his base. Nothing will come out of it.
I think actual firings, funding cuts, contract cuts, programs ending have already occurred regardless of how legal the acts that caused them to occur they are.