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Trump says Harvard will lose tax exempt status

21 pointsby karma_daemon20 days ago

3 comments

AnimalMuppet20 days ago
I question whether Trump has the legitimate legal authority to decide the taxable status of specific institutions. If he wants to change the rules about what qualifies for tax-exempt status, that takes an act of Congress (which he can probably get, eventually).<p>What he <i>can</i> do is tell the IRS to go through the <i>existing</i> rules and find a reason why Harvard doesn&#x27;t qualify for tax-exempt status. The problems will be that, first, whatever the reason given will be, it will head for a court case, and second, it will be almost impossible to interpret the rules so that the new interpretation hits Harvard <i>only</i> (and not, say, the other Ivy League schools).
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westurner20 days ago
What prevents them from instead justifying tax-exempt status as a faith-based nonprofit for their FSM-related charitable work, say?
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incomingpain20 days ago
Harvard does a great job at making really good graduates who go on to do great things.<p>Harvard who doesnt control their grads go on to become supreme court justices and other politically appointed positions.<p>Harvard takes blame?<p>Now they are digging deep to find other reasons to attack harvard?
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