Monday, April 26, 2010

One-Fourth of Nonprofits Are to Lose Tax Breaks

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At midnight on May 15, an estimated one-fifth to one-quarter of some 1.6 million charities, trade associations and membership groups will lose their tax exemptions, thanks to a provision buried in a 2006 federal bill aimed at pension reform.


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But I'll bet those Catholic centers for child rape and molestation get to keep their tax exempt status! Molesting boys is non-taxable, after all!





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