This should be a matter of public concern. After all, one reason taxpayers must pay more every April is that wealth made over to foundations not only avoids inheritance levies but becomes tax-exempt in its new incarnation.
Quotes about tax-exempt (7 Quotes)
The attorney general's perspective is that she would like to have a clear and fair set of standards that hospitals should meet in exchange for the very lucrative privilege of tax-exempt status. I can assure you that for many hospitals, that's worth millions in any given year.
Shauna and I had no office yet. We had to find the equipment for the office, we had to find furniture, start writing grants, contact the IRS about our public charitable status, and get with the state about our tax-exempt status. We ended up going around Methodist Hospital to offices that were vacant at the time to make phone calls.
Organizations that have been granted tax-exempt status ought not endorse specific candidates for public office. What we have in Odessa, what some people actually seem to be proud of, is an ongoing problem with separating the prerogatives of church and state.
We do not make a profit we are literally a non-profit enterprise without the tax-exempt status. Drivers work for tips only.
We don't figure out how much we are losing in property taxes if a commercial property was being built instead of a tax-exempt church. It is part of a city doing business that some property will be tax-exempt.
The chief benefit here is that you are getting tax-exempt income. This security is a viable alternative to investing in taxable money market instruments.