Non-profits usually are sustained by donation, not revenue from operations. The estate tax, which destroys small businesses by making them impossible to bequeath, encourages donations to non-profits. Thus, the nonprofit industry association lobbies long and hard to get the death tax lowered and maintained.
If we must have taxes and nonprofits, we cannot have small for-profit businesses. Either taxes or nonprofit orgs have to go, or some balance of the two. Or small biz has to go. Guess what the two wolves and a lamb will vote what is for dinner.
Thursday, December 9, 2010
Small Business and Non-Profit Cannot Co-exist
Posted in charity by John Wiley Spiers
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