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To: lepton

I’m trying to argue that the corporate headquarters of a corporation comprised of many different businesses is playing a shell game if it pretends it isn’t trying to make a profit. Non-profit means something in the minds of normal people, and it means those who are exempt from taxes because its purpose is some kind of social benefit, and because it is not merely a cover for a money-making operation.


20 posted on 02/16/2014 2:48:19 AM PST by xzins ( Retired Army Chaplain and Proud of It! Those who truly support our troops pray for victory!)
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To: xzins

The difference between the for profit and not for profit designations is in paperwork they fill out, and in whether some funds are subject to double taxation if they follow certain paths. They aren’t illegitimately evading taxation by the designation.


22 posted on 02/16/2014 8:34:53 AM PST by lepton ("It is useless to attempt to reason a man out of a thing he was never reasoned into"--Jonathan Swift)
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