It's so frustrating to see the American system dealing with nonprofits in this way. Sure, they broke every rule in the book that they helped write, but we as a society treat this as nothing more than a procedural issue; correct your misstep, and all will be forgiven. When are we going to address the issue that groups like this are siphoning tens of millions of taxable income, money that could actually be benefitting our society, and simply claiming a loss, passing the money down the line while avoiding fiscal responsibility. It's really frustrating to watch. Nonprofits do this nearly as much as private companies. Nobody can agree on a minimum income, but we're completely accepting to a company that moves orders of magnitude more money than any individual on a yearly basis, but hey, they're stimulating the economy! Sorry for the rant, but this is something I have been struggling to understand for years, and I just don't get it.
It's so frustrating to see the American system dealing with nonprofits in this way. Sure, they broke every rule in the book that they helped write, but we as a society treat this as nothing more than a procedural issue; correct your misstep, and all will be forgiven. When are we going to address the issue that groups like this are siphoning tens of millions of taxable income, money that could actually be benefitting our society, and simply claiming a loss, passing the money down the line while avoiding fiscal responsibility. It's really frustrating to watch. Nonprofits do this nearly as much as private companies. Nobody can agree on a minimum income, but we're completely accepting to a company that moves orders of magnitude more money than any individual on a yearly basis, but hey, they're stimulating the economy! Sorry for the rant, but this is something I have been struggling to understand for years, and I just don't get it.