President Donald Trump wants to revoke Harvard’s tax-exempt status.
It’s not that simple. I’m not going to look at other media outlets for information.
I am going to research the topic myself.
Trump cannot revoke anyone’s tax-exempt status. Only the IRS can do that.
However, the IRS has strict criteria to follow to revoke tax-exempt status. Despite Harvard becoming an antisemitic cesspool…it’s not on the list:
If this is the only criteria…I mean, this explains why the Church of Scientology is still tax-exempt. Not to mention so many other organizations and what not.
Also, every non-profit university is exempt from paying taxes on its academic property.
I’ve seen people point to H.R.2676, the Internal Revenue Service Restructuring and Reform Act of 1998, but after reading it, I found that it specifically states that no federal official can tell the IRS to investigate a taxpayer to increase trust in tax enforcement.
Also, unfortunately, from what I can tell, the “Don’t Weaponize the IRS Act” never materialized in Congress. Republicans introduced it due to the IRS targeting the Tea Party for ideological reasons.
Actually, that might be good for Trump and the IRS. If the IRS does go after Harvard and the bill became law, I can see the school have some standing fighting against it.
EITHER WAY. Going by the criteria on the IRS website it won’t happen. Should it happen?
YES.
Make these schools pay these taxes. Maybe, just maybe, the government would stop taxing us to death.
I’m not holding my breath for either one.
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