Word: taxed
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...Approximate annual property tax on the stamp-size parcel...
...scrutiny is a response to the exponential growth of the nonprofit sector over the past decade--and to concerns that some institutions are scamming the system by seeking tax-exempt status. The Internal Revenue Service lists more than 1.8 million charities, up from 739,000 charities 25 years ago. The tax-exempt sector includes not just soup kitchens and scholarship funds but also labor unions, hospitals, the NCAA--even Major League Baseball. "Today you see nonprofit holding companies," says Minnesota state attorney general Mike Hatch, who has aggressively pushed for better nonprofit governance. "We're dealing with multibillion-dollar enterprises...
...they pay their executives. So far, 719 returns have come under audit for suspicious accounting. State regulators, who have traditionally policed nonprofits, are pushing for new laws. The House and Senate held hearings this summer on nonprofit governance and drafted legislation that is being reviewed as part of a tax-reform package. (The last major regulations covering the industry were adopted...
...heads of families who have saved $1 million or more due to the President's tax laws enthusiastically support the President's tax laws...
...Casey said. “In conjunction with other research institutions, we work to increase the number of stem cell lines the government will support.” In addition to funds for science and research, Harvard also lobbies the governments on issues of higher education policy and tax refunds for charitable philanthropy. The University also prioritizes lobbying to increase federal financial support for students, hoping to make higher education more accessible to students by urging Congress to increase spending on initiatives such as work study programs. “The goal is to allow students...