Item 8b “tax-exempt interest”… Interesting 5-8 opening of the season for the Red Sox.
But she acknowledged that the influx in tax-exempt applications starting in 2010 is what sparked the heightened scrutiny.
But as a matter of law, these tax-exempt organizations do maintain a pro-forma nonpartisan posture.
Tea Partiers were targeted for review of their tax-exempt status during the 2012 election.
The Taxman Calleth In 1993, after a prolonged fight, the IRS settled with the church over its tax-exempt status.
The pro-business lobbying group spent almost $54 million as a tax-exempt nonprofit in the 2012 election.
The tax-exempt organizations have a vested interest in the oppressive, inequitable, and wasteful federal-income-tax system.
These accumulations of tax-exempt billions place a heavier burden on taxpayers.
The yield of tax-exempt securities at prevailing prices ranges from 3-1/2% to nearly 4-1/2%.
As the income tax rate decreases, the yield from tax-exempt securities diminishes proportionately.