December 28, 2011
Three House Republicans Ask IRS to Investigate AARP's Tax-Exempt Status
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It's about damn time.
Posted by: RebeccaH | Dec 28, 2011 9:38:08 AM
How about getting rid of the entire concept of tax-exempt status? The entire system is rampant with fraud and manipulation. (Combine that with a massive simplification of the tax system and it solves a host of problems.)
Posted by: Joe | Dec 28, 2011 10:00:53 AM
The AARP went all-in for Obamacare. Reason enough to be against them.
AN ASIDE: Shannon Bream is HOT !
Posted by: P. Aaron | Dec 28, 2011 10:29:08 AM
Lets look at the NRA next and some of these politically powerful, Right Wing churches.
Posted by: George W | Dec 28, 2011 12:10:22 PM
Wow! Way to hit us back twice as hard George Wannabe. Did you by any chance read Joe's post?
Posted by: Jim | Dec 28, 2011 1:03:19 PM
Why not get rid of the concept of anything other than gross income and taxing gross income? as joe puts it: "The entire system is rampant with fraud and manipulation. (Combine that with a massive simplification of the tax system and it solves a host of problems.)"
Well, there are reasons why certain entities, like churches and charities, are exempt from tax and that donations to them are deductible.
But if you want to tell your church that all the income it earns taxible and tell all of the congregants that none of their contributions to the church are tax deductible go see how popular you will be at that meeting.
Forget social policy. What are your thoughts on depreciation? Inventory? Foreign earned income? Are income and capital gains treated the same? Passive income/losses? Not for profit losses?
Remember tax exempt entities also include Government entities (Federal, State, local, etc.). You suggesting a system where State and local governments pay Federal taxes. That is a mighty powerful suggestion.
Posted by: tax guy | Dec 30, 2011 9:03:29 PM