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Charities Rise, Costing U.S. Billions in Tax Breaks (NYT moaning about loss of tax rev)
NYT ^ | 12/06/09 | STEPHANIE STROM

Posted on 12/06/2009 7:25:46 AM PST by TigerLikesRooster

December 6, 2009

Charities Rise, Costing U.S. Billions in Tax Breaks

By STEPHANIE STROM

The number of organizations that can offer their donors a tax break in the name of charity has grown more than 60 percent in the United States, to 1.1 million, in just a decade.

Experts say nonprofits are skillfully exploiting the tax code’s broad and elastic definition of what constitutes such a charity, making it difficult for the Internal Revenue Service, which must bless them, to say no. The agency approved 99 percent of the applications for public charity status last year, according to a new study by students at Stanford University — or more than one every 10 to 15 minutes.

Take the Woohoo Sistahs, a social club that won approval last year. Its 50 or so members meet regularly over drinks and dinner in the Hampton Roads area of Virginia and raise money for cancer research and other causes through walkathons and sales held in retailers’ parking lots.

(Excerpt) Read more at nytimes.com ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: charity; giving; loophole; philanthropy; tax; taxbreak
Not a day goes by without some Librrul media clamoring for more tax.
1 posted on 12/06/2009 7:25:47 AM PST by TigerLikesRooster
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To: TigerLikesRooster; PAR35; AndyJackson; Thane_Banquo; nicksaunt; MadLibDisease; happygrl; ...

Ping!


2 posted on 12/06/2009 7:26:29 AM PST by TigerLikesRooster (LUV DIC -- L,U,V-shaped recession, Depression, Inflation, Collapse)
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To: TigerLikesRooster

Individuals are far more qualified than beaureucrats when it comes to spending their money on people in need. So, depriving the Feds of our hard - eearned money so that we can directly help out who WE determine is needy is a virtue.


3 posted on 12/06/2009 7:31:33 AM PST by Adams
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To: TigerLikesRooster

I predict tax revenues to states and the feds will continue to decline as the business and economy worsen even more. I also predict we are in a Great Depression or soon will be. Therefore I believe we will see more and more people doing what they have to do in order to survive. More will move into low or no tax states. Businesses, large and small, will also move for economic reasons. The commercial real estate market will plummet even more than it is already. Housing prices will probably begin to decline after having leveled off for a bit. Consumers will buy only necessities and then only sparingly. Big ticket items will remain on shelves and not sell. Inventories will grow and become stagnant. Unless the government takes immediate steps to bolster the dollar, it will continue declining. REality is a big pain in the ass but a recovery can take place next November if republicans win the election in a landslide and take back both houses of Congress.


4 posted on 12/06/2009 7:34:15 AM PST by Ev Reeman
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To: Adams
Good luck convincing that to NYT, a state propaganda machine.
5 posted on 12/06/2009 7:36:37 AM PST by TigerLikesRooster (LUV DIC -- L,U,V-shaped recession, Depression, Inflation, Collapse)
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To: TigerLikesRooster

There will never be enough tax revenue to satisfy the government’s insatiable appetite for spending. The media is their cheerleader.


6 posted on 12/06/2009 7:36:42 AM PST by Starboard
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To: TigerLikesRooster

...personally, I’ve got charity fatigue...we get 3-4 letters a day asking for money...I’ve quit sending them checks...instead, I’m taking food to the local food bank...it’s anonymous and needed.


7 posted on 12/06/2009 7:39:53 AM PST by STONEWALLS
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To: Adams

Sometimes I doubt that?

The contracts that ACORN receives on these projects are for delivering specific activities, all of which are tax-exempt qualified in accordance with federal grant guidelines


8 posted on 12/06/2009 7:41:01 AM PST by EBH (it is the Right of the People to alter or to abolish it, and to institute a new Government)
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To: TigerLikesRooster
Look, I agree that every dollar not spent on feral bureaucrats is a blow for personal freedom.

This growth of nonprofits, however, I see as another indicator of the enormous concentration of wealth in the hands of folks who really have no clue how to spend their money wisely.

How many more Frank Ghehry designed Ithegreatbazillionaire foundation art galleries to house third rate modern art does this country need? The world long ago ran out of good art to put in these things, and the gazillionaires who build them as graven images to their own egos have no idea how to usefully deploy capital in there interests of greater productivity (many of them never having been in that business before).

It is a legitimate beef. The more taxes dodged through these means the more you and I have to pay.

9 posted on 12/06/2009 7:48:29 AM PST by AndyJackson
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To: Ev Reeman
Here we are. One can utter 'D' word and no more howling from detractors.

It started with subprime crisis.

1st talking point: this is only the tiny fraction of financial market. No crisis.

The crisis spread over the entire financial sector

2nd talking point: this is a crisis which can be easily contained. It will be remedied quickly. No chance of recession.

The financial sector are visibly hemorrhaging

3rd talking point: the real economy is fine. This is only the financial problem. Factories are running, and people are working

People start losing jobs. Government spends trillions to plug massive hole in the financial sector.

4th talking point: Don't panic. We are only in a recession. However, green shoot will arrive soon. This is an ordinary recession.

Unemployment level is going up. Some say 'D' word.

5th talking point: This is not a depression. You won't say depression until unemployment hits 10%

unemployment hits 10%

6th talking point: OK, this is a 'Great Recession,' not another Great Depression.

In the future.....

Inflation skyrocket.

7th talking point: See! Prices are rising left and right. I told you this is not another Great Depression.

10 posted on 12/06/2009 7:49:38 AM PST by TigerLikesRooster (LUV DIC -- L,U,V-shaped recession, Depression, Inflation, Collapse)
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To: TigerLikesRooster

what this will be about in 2010 as the Dems start to do “deficit reduction” (aka TAX INCREASES - only on the rich of course) - is they will push to end tax deductions for religious organizations.


11 posted on 12/06/2009 7:56:56 AM PST by Freedom'sWorthIt (Obama's Deathcare ---- many will suffer and/or die unnecessarily.)
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To: AndyJackson
State can do far more damage when it has more money than necessary. It would be stupid to waste money on junks masquerading as arts, but it is less damaging than bankrolling the whole global warming scam or paying for perks of D.C. parasites, who are always busy cooking up new outrageous idea for do-gooding.

Nobody or nothing is more detrimental than over-educated uptopia-chaser on state payroll.

12 posted on 12/06/2009 7:59:37 AM PST by TigerLikesRooster (LUV DIC -- L,U,V-shaped recession, Depression, Inflation, Collapse)
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To: TigerLikesRooster

Simple, a new tax is needed on non-profit charities.

More government is always the wrong answer to ANY problem.


13 posted on 12/06/2009 8:02:26 AM PST by listenhillary (I believe AGW is real now. It was caused by scientists and greenies LYING!)
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To: TigerLikesRooster

I agree. A lot of these non profits, however, take up residence here in DC and assist the over-educated uptopia-chaser on state payroll by hiring over-educated uptopia-chaser on much higher nonprofit payrolls.


14 posted on 12/06/2009 8:08:01 AM PST by AndyJackson
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To: TigerLikesRooster

The capping of Wall Street salaries deprived NYC of way more tax revenue than a few small charities have. I love it when liberals are hoisted on their own petards.


15 posted on 12/06/2009 10:26:18 AM PST by randita (Chains you can bereave in.)
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To: TigerLikesRooster
Not a day goes by without some Librrul media clamoring for more tax

Which is particularly ironic coming from the NY Slimes since over the last four quarters it has recorded income tax expenses of, drum roll please,

negative $17 million.
Source

Maybe the Slimes is just jealous because it would have to have some benefit to society in order to qualify as a charity.
16 posted on 12/06/2009 11:46:25 AM PST by javachip (TARP - proof there is no situation so bad that government can't make it worse.)
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To: TigerLikesRooster

Cut spending big time, then eliminate all tax deductions.


17 posted on 12/06/2009 2:11:04 PM PST by secretagent
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To: Adams

“...depriving the Feds of our hard-earned money so that we can directly help out who WE determine is needy is a virtue.”

Amen, Brother Adams. Amen! :)

(Thwarting taxes is my hobby and delight. Starve the beast!)


18 posted on 12/06/2009 7:20:24 PM PST by Diana in Wisconsin ( "When you subsidize poverty and failure, you get more of both." - James Davidson)
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To: Ev Reeman; All

I was with you right up until this:

“Reality is a big pain in the ass but a recovery can take place next November if republicans win the election in a landslide and take back both houses of Congress.”

I’m not sure the current crop of RINOs is capable of steering this ship out of the sea of icebergs we currently find ourselves in.

As much as I loved President Bush & Laura, he was a huge spender, too. Not to mention that we have been saddled with a Congress that’s gotten WORSE each and every year since 1994!

It’s going to take some serious candidates to come out of the woodwork to clean up this mess. Who, in their right mind would WANT that job? (And that leaves us a lot of people who may not be in their right minds, LOL!)

If we truly are in another Great Depression, it’s going to take a World War to pull us out of it. Those who do not learn from History are destined to repeat it. And we’re ripe for the pickin’ with our dumbed-down electorate and a full HALF of our population on the dole in one way or another.


19 posted on 12/06/2009 7:40:51 PM PST by Diana in Wisconsin ( "When you subsidize poverty and failure, you get more of both." - James Davidson)
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To: TigerLikesRooster; Adams
Looks to me like proof positive that there is an undeniable truth that has come about (also from articles concerning Britain's & the US's spiraling inflationary debt):

"The problem with socialism is eventually they run out of other people's money."

So, So, So true.

20 posted on 12/07/2009 5:26:36 AM PST by RSmithOpt (Liberalism: Highway to Hell)
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To: TigerLikesRooster

Re# 10: Hyper-stagflation!!


21 posted on 12/07/2009 5:27:58 AM PST by RSmithOpt (Liberalism: Highway to Hell)
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