Wednesday, May 28, 2014

The Tax-Exemption Rip-Off

Nick Nichols | Oct 01, 2013

If you believe future IRS abuses will be prevented by putting Lois Learner and her merry band of political hacks in the hoosegow, stop drinking Potomac River Kool-Aid and start partaking in a dose of reality.
The most effective way to eliminate political hackery at the IRS would be to abolish the so-called progressive income tax and completely dismantle the tax agency. Too draconian? Only if you believe the Tea Party purge is the solitary scandal rolling around the halls at the IRS. It’s not. ....... Allow me to add insult to injury. The uncivil servants at the IRS and their progressive allies on Capitol Hill have corrupted the definition of “public charities” to allow activist groups to feed at the trough of the American taxpayer. For example, 13,716 environmental groups filed as tax-exempt 501(c)(3)s in 2010. Their combined revenue was $7.4-billion. Their total assets equaled $20.6-billion.
In 2012, the Environmental Defense Fund (EDF) reported $112-million in revenue and $173.1-million in assets. EDF has been tax-exempt since 1969. In 2011, the Natural Resources Defense Council, Inc. (NRDC) reported $97-million in revenue and $248.9-million in assets. NRDC has been tax-exempt since 1970. Three tax-exempt Greenpeace organizations in the U.S. reported $39.2-million in revenue and $20.6-million in assets in 2011.
I wonder whether the tax-paying coal miners of West Virginia realize that they are subsidizing progressives intent on destroying their jobs?.....To Read More.....

No comments: