Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Your Nightmare
What to admit, the legislative language lays out the rules very clearly.

If the purchase by a non-profit its for their own final consumption, yes they pay the tax the same as any other consumer.

Same is true for a small business with mixed use and converted assets.

The contribution to the non-profit is not taxable, same as contributions to non-profits are not taxed in the current system.

Likewise, the charitable services or goods of the non-profit are untaxed. However if the goods or services are consumed by those in the non-profit organization as final consumers, yes their purchase of such goods is taxable same as for everyone else.

Obviously conversion of assets to personal consumption is a taxable event in the retail sales tax implemented under the FairTax.

105 posted on 02/11/2006 3:52:48 PM PST by ancient_geezer (Don't reform it, Replace it.)
[ Post Reply | Private Reply | To 104 | View Replies ]


To: ancient_geezer
If the purchase by a non-profit its for their own final consumption, yes they pay the tax the same as any other consumer.
Just to clairify, if a church bought a new roof or Bibles (not for resale), would they pay FairTax on them?
107 posted on 02/11/2006 3:59:59 PM PST by Your Nightmare
[ Post Reply | Private Reply | To 105 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson