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To: Carry_Okie
Of course it's a legal distinction and not a functional one. We're talking about tax law here, so everything relates to legal distinctions.

If a city owns and operates a zoo, it's a non-profit entity by definition. If you build a zoo and charge admission, you pay taxes on your profits.

I'm not sure why this is so problematic.

33 posted on 12/07/2013 12:48:29 PM PST by Alberta's Child ("I've never seen such a conclave of minstrels in my life.")
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To: Alberta's Child
I'm not sure why this is so problematic.

It is a matter of market distortion that forces huge amounts of land into a very destructive control architecture. It places a large fraction of the housing stock in imminent risk. It impoverishes an entire industry. It enriches the wealthiest segment of the society at the expense of everyone else.

Other than that, no big deal

36 posted on 12/07/2013 6:27:26 PM PST by Carry_Okie (0-Care IS Medicaid; they'll pull a sheet over your head and take everything you own to pay for it.)
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