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Bloomberg Looks At For-Profit Non-Profits

Along the same lines of Senator Tom Coburn's Waste Book war on for-profit non-profits, Bloomberg's David Evans explains to business readers why "companies that walk, talk and quack like a taxpaying business being allowed to not pay taxes" and says "the Treasury could collect tens of billions of dollars each year in taxes from nonprofits that are basically acting like for-profit companies."

Good news Ponte Vedra! In both his story and NPR interview, Evans mentions the NFL and NHL a bunch, but never mentions the PGA Tour as Senator Coburn tried (but like many, referred to the PGA, a different for-profit non-profit).

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Reader Comments (2)

non-profit country clubs??????? look at their 990's.
I am going to start my own non-profit.
11.19.2012 | Unregistered Commentersidvicius
For the life of me I cannot understand why country clubs are non-profit. If Barry wants to raise some revenues why not start there? Places are chock full of 1%'ers and obnoxious millionaires. Hell, maybe doing so would force a bunch of clubs to actually get a dose of fiscal discipline...that and force a BUNCH more out of business!!!
11.19.2012 | Unregistered CommenterDTF

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