Thursday, December 9, 2010

Small Business and Non-Profit Cannot Co-exist

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.


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