Word: tax-exempt
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...Arizona Preaching Politics Calling it "Pulpit Freedom Sunday," 33 pastors in 22 states risked their churches' tax-exempt status by delivering sermons on Sept. 28 about presidential candidates John McCain and Barack Obama. Organized by Arizona's Alliance Defense Fund, the campaign protests a 1954 federal law that forbids pastors from endorsing politicians during worship. A church-state separation group immediately filed complaints with...
...Charles E. Grassley—a leading critic of low spending from colleges and university endowments—proposed stricter disclosure requirements in federal tax filings for schools on Monday, suggesting a willingness to stop short of threatened legislation on the issue. “I would like to ask [federal agencies] to develop a Form 990 schedule for colleges and universities,” Grassley said in reference to the form required for tax-exempt and non-profit organizations. He added that he wanted a specialized form to require information about “student populations or costs...
...funding may signal an end to Roosevelt's apparatus for good. Obama, who would get about $84 million in public funds for the general election, stands to raise hundreds of millions more through private donations. The Illinois Senator contends he'll need that money to fend off attacks from tax-exempt advocacy organizations - known as 527 groups, after the section of the tax code under which they are formed - which, Obama said, will spend "millions and millions of dollars in unlimited donations" to damage his reputation. (So far, a well-funded 527 movement against him has not materialized.) His Republican...
...moves to increase spending came after Harvard failed to spend five percent of its endowment in nine of the last ten years, missing a threshold that tax-exempt institutions outside of higher education are legally required to meet and that University officials say is their target...
...some established agents have expressed their discontent at the combine’s ten per cent tariff on their profits, charging that the tax amounts to confiscation. In most cases, however, the complaint is unsound, as it overlooks the fact that the Agency provides them with legal business addresses--something which their rooms in tax-exempt University property failed to give them...