Tuesday, April 05, 2005

Nonprofits Costing You

The top man at the IRS says non-profits and charities are at the heart of tax evasion and abuse. They're exempted from taxes, and donations become a lucrative way to cash in on tax breaks.

Commissioner Mark Everson says there's no way to even estimate how much tax money goes uncollected. There are around 3 million non-profits controlling $8 trillion.

Of course if someone has found out how to win questionable tax deductions, you get to pick up the slack. (WashPost)

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