Word: tax-exempt
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...Your editorial asserts that the Harvard Student Agencies Corporation has its office on University property and has an association with Harvard that endangers the University's tax-exempt status...
...also holds a tax-exempt status, on the basis that money earned while working for HSA will be used exclusively to pay College term bills; and finally, HSA holds an effective monopoly of student enterprise, because of the fact that any undergraduate who solicits in the dormitories must obtain a permit from the University...
Another objection to the existing HSA setup arises over the matter of tax-exemption. Since the HSA has already admitted that non-scholarship as well as scholarship students may work for the organization, it seems unlikely that the profits will be used solely for the purpose of paying the term bills of needy undergraduates. In particular, some of the managers of the individual agencies apparently stand to make in a single year more than the amount of a Harvard term bill. This would seem to be a misuse of the tax-exempt status...
...deviated widely from its original premises of operation, it should change its present form and break all ties with the University. Its relationship with the Student Employment Office would then be that of any other individual. It would have no exclusive privileges, would not retain its tax-exempt status, and would be free to compete with Harvard Square merchants on an equal basis...
...recommend the establishment of a sweepstakes to be conducted by the Treasury, with one-half of the proceeds to be awarded as tax-exempt prizes (possibly savings bonds) and the other half to be used to cut the high taxes of all tax-tired Americans in all of our 48 states. This sweepstakes would be a practical, patriotic and voluntary way to raise dollars towards the coming fiscal year's $74 billion budget. Almost every good American is endowed with the desire to take a chance in one form or another. Sweepstakes tickets could be sold at existing state...