Word: taxed
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...also suggested that student groups should contact alumni of their organziations for advice and support in repealing the student group tax...
Money donated to the tax-deductible Gift Fund often comes from alumni and is then passed on to designated student groups. The tax, which was set at five percent this year, was announced in an e-mail sent to student groups on Sept. 7 by Assistant Dean of the College Paul J. McLoughlin...
Knowles said the tax was necessary to cover “the inevitable associated expenses” of gifts. But UC Student Affairs Committee (SAC) Chair and presidential candidate Ryan A. Petersen ’08 said on Tuesday that FAS, which faces a projected $75 million operating deficit by 2010, “wants more money...
...repeal of the student group tax has been featured prominently in UC presidential candidates’ campaigns...
...campaign Web site, Petersen said that if FAS doesn’t repeal the tax, he would incorporate the UC as a non-profit umbrella organization as a way to allow student groups to bypass the gift tax...