Non-Profits Losing Their Tax Exempt Status

Posted on May 17th, 2010 in News Stories,Rants,TJSky13 by TJSky

Non Profits Save The World Because Governments Won't

Over 200,000 non-profits across the nation are losing their tax exempt status.  They are going to have to pay taxes on donations they weren’t prepared to pay, and have difficulties moving forward.  Many non-profits barely break even as it is.  They are out there doing good, so God forbid they prosper.

The reason their exempt statuses are in jeopardy is because they did not file a new form with the IRS.  Interestingly enough, they never heard of these forms until the media started to contact them.  The IRS did far from due diligence to roll out the new regulations.  Why be concerned with organizations who aim to make the world a little safe, a little smarter, a little more in touch with its historical roots?

Gee, couldn’t be because the government is dead broke and needs more money could it???

Too many individual tax payers are out of work; they’ve already increased taxes on small business; they can’t increase taxes on big business because they’ll lose campaign contributions…let’s tax non-profits now, f*** it.

Some-one’s got to fund the country’s budget until the under-handed deals with drug cartels and terrorists pay off.

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