Posted on 01/10/2018 3:05:46 PM PST by dynachrome
An obscure provision in the tax code could force the foundation started by Paul Newman to sell the food company Newman's Own. The foundation is trying to coax lawmakers to shield Newman's Own from an onerous tax bill that could force divestment. Executives are hoping Congress will put a last-minute fix in any potential deal to fund the government past Jan. 19.
(Excerpt) Read more at cnbc.com ...
5 extra years of cheating on their taxes.
All their profits go directly to leftist garbage.
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No that is not the issue. It is a matter of tax avoidance, at least partially anyway. The foundation has an undue influence upon the for-profit company which is making a partially deductible contribution to the private foundation, hence they must divest themselves of the for-profit corporation.
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You need to read the US constitution.
The foundation is a protected contract under the constitution.
Any tax law that impedes that contract is unconstitutional.
I remember her relatives used to pronounce her name Joanie, not JoAnne.
They were known to be regular Joes...lived modestly and were respected by the townspeople.
That’s quite an honor when compared to what Hollywood produces lately.>>>. and i believe they were only married to each other for about 40 years. I liked them both as actors.
That's great. More power to them. But in 2016 they also spent nearly $700,000 on lobbying efforts. Care to speculate which party was the beneficiary of most of those efforts?
Bravo!
It used to be or may still be that some of the proceeds go to libtard causes like that POS on death row for murdering Philadelphia Police Officer Daniel Faulkner.
... a violation of the separation of powers concept. 1703 The clause thus prohibits all legislative acts, ‘’no matter what their form, that apply either to named individuals or to easily ascertainable members of a group...”
Can Congress legitimately pass legislation pertaining to a particular company?
Non-profit does not mean they cannot end up with more money. Non profits do not have a goal to make more, but if they do if they still appear to be doing their purpose its incidental that they end up with more money.
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>> “Can Congress legitimately pass legislation pertaining to a particular company?” <<
No!
That would be a “bill of attainder.”
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Hey, hombre! A compliment on your shooting! You put a hole in me!
I seem to remember that the Houston Chronicle which had been 100 percent owned by the Houston Endowment Inc. (foundation)since the 1930’s was sold to the Hearst Corp. sometime around 1986 or 1987. This sale was due to the tax reform act of 1969. That is probably the same law that forced this sale.
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I have. And you need to read tax law which has been tested many times before courts.
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