The administration has ordered the IRS to revoke Harvard’s tax-exempt status
Harvard
- Thread starter Spartans9312
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The administration has ordered the IRS to revoke Harvard’s tax-exempt status
For $500, Alex, Schools that FAFO.
This is a really slippery slope we're heading down.
The war that will end up with churches losing tax exempt status begins here.
Harvard and the rest of the Ivies are sewers of thought, but it’s not the administration’s role to determine what thoughts are acceptable. This is yet another move toward attempted dictatorship. All dictators target education. I can’t believe even the most diehard Trumpers think this is acceptable.
We seem to be finding a number of slippery slopes lately.
I’d love for some of the people in this clip to be questioned about this apparent hypocrisy, but the Trump administration is also trying to limit their press interaction to sycophantic “news” outlets. Instead, we’ll get to hear Trump tell us how awesome it is to be in better shape than most of the guys in the NFL draft combine.
Do keep in mind that one thing this shows is that this latest action isn’t our first step on that slippery slope.
Thus my point about Lerner. What happened there wasn’t some kind of bureaucratic oversight.
It doesn’t justify what Trump’s doing here at all. But hypocrisy does abound, doesn’t it?
$50 bil endowment. Faculty making north of $200k. Tax em. Tax em all. Tax churches.
I am against taxing churches, but Joel Osteen (and others) really challenge that belief.
I do think university academic departments need to be taxed. They aren't not-for-profit by any stretch of the imagination.
Churches set an amount. If they’re bringing in over X amount
Agreed re universities
My company partners with two universities under license agreements. The schools do pay taxes on that revenue as unrelated biz income. Fwiw
Agree. I think anyone involved with calling for the current weaponization of the IRS should at minimum share the same fate as Lois Lerner. Called to testify in front of of a congressional hearing, placed on administrative leave and quietly forced to retire.
FWIW, the IRS is making an official declaration that Harvard falls outside of the bounds of the requirements for eligibility. This is almost certainly bullshit -- and there's no question that it's baldly political. And I would think that Harvard will prevail in litigation.
But it's an important distinction from an ostensibly rogue individual inside the IRS deliberately stalling applications for ideological reasons. Whether or not she was operating on her own accord, I don't really know. And since Trump's IRS is doing it as an official act doesn't make it better, it makes it worse.
I'm just saying that there's a difference between an official IRS action and a rogue one.
This is where I'm at.
Can't pick and choose, just have to blanket everyone. Do that and I'm more then okay.
Problem I would see is if you start giving exemption for some, then others are going to want them as well and then we're just going to be fighting over who gets them and who doesn't.
Tax them all.
Yeah that's not happening.
And what's the purpose anyway? Anyone getting actually paid from a nonprofit is taxed as normal income.
At least make them pay property taxes.
for the uninitiated that's the meat market created by mr gatti. just like my big old dong ain't gonna suck itself; that beauty ain't gonna pay for itself. have to leave a little meat on the bone for the pastors actually doing GOD"s work spreading HIS word not the bastardized version of it we get from the peanut gallery on this board i.e. all of those not holding degrees from moody
for the uninitiated that's the meat market created by mr gatti. just like my big old dong ain't gonna suck itself; that beauty ain't gonna pay for itself. have to leave a little meat on the bone for the pastors actually doing GOD"s work spreading HIS word not the bastardized version of it we get from the peanut gallery on this board i.e. all of those not holding degrees from moody
That looks like a Digiornos pizza.
I wonder if they'll try to argue that Harvard's DEI policies or allowing Hamas supporters to harass Jewish students violates "fundamental national policy":
The IRS has legal authority to strip organizations of their tax-exempt status, and it occasionally exercises that power. But that is usually due to groups failing to meet tax requirements, like neglecting to file an annual information return for more than three consecutive years.
One famous case involved a university losing its tax-exempt status, Galle and Brunson noted. In the 1970s, Bob Jones University in Greenville, South Carolina, a Christian institution, lost its tax-exempt status due to a policy that banned interracial relationships.
That case ended up at the Supreme Court, which ruled in 1983 that the IRS was correct in depriving Bob Jones of the status because its rules had violated a "fundamental national public policy" about racial discrimination in education.
The IRS could argue that Harvard is in violation of public policy either by failing to crack down on protestors rallying against Israel's actions in Gaza or by refusing to comply with the Trump administration's push against diversity, equity and inclusion policies, Brunson said.
The IRS has legal authority to strip organizations of their tax-exempt status, and it occasionally exercises that power. But that is usually due to groups failing to meet tax requirements, like neglecting to file an annual information return for more than three consecutive years.
One famous case involved a university losing its tax-exempt status, Galle and Brunson noted. In the 1970s, Bob Jones University in Greenville, South Carolina, a Christian institution, lost its tax-exempt status due to a policy that banned interracial relationships.
That case ended up at the Supreme Court, which ruled in 1983 that the IRS was correct in depriving Bob Jones of the status because its rules had violated a "fundamental national public policy" about racial discrimination in education.
The IRS could argue that Harvard is in violation of public policy either by failing to crack down on protestors rallying against Israel's actions in Gaza or by refusing to comply with the Trump administration's push against diversity, equity and inclusion policies, Brunson said.
Can Trump or the IRS strip Harvard of its tax-exempt status? Here's what to know.
President Trump has suggested stripping Harvard of its tax-exempt status, a step that experts say would be unusual and face legal challenges.
www.cbsnews.com
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