Discussion about this post

User's avatar
Pixel Chi's avatar

Is there really such a thing as a nonprofit business? The business of business is business. Why would someone want to create a business that intends or produces no profit? Other than to escape paying the taxman, I guess you'd have to wink at the definition of profit. Isn't political gain or advantage or control a type of profit or benefit potentially equivalent to a certain monetary gain? Why then, does the progressive income tax code show a convenient blind eye towards non-profit businesses or NGO's? Nonprofit businesses for the purpose of escaping taxation need to be abolished along with the progressive income tax code.

Expand full comment

No posts