Posts Tagged ‘U.S.Olympic Committee’

Tax-Free Olympic Boodle is Gold Medal Stupidity

President Obama and conservative GOP senator Marco Rubio (R-FL) agree: Olympic medals and the cash awards that go with them should be tax-exempt. This is the dumbest idea of the summer—and in our overheated campaign season, that’s saying something. The idea seems to have originated with anti-tax advocate Grover Norquist. Rubio instantly turned Norquist’s press […]

Is it Time to Rethink the Tax Treatment of Charitable Organizations?

Here’s a word association game: I say tax-exempt public charity. You say house of worship, soup kitchen, or university. You probably don’t think about secret back-room political operations or multi-billion dollar businesses. But you should. Increasingly, these organizations are straying from the charitable work that drove Congress to grant them tax-exempt status in the first […]

Rethinking the Way We Tax Charities and Those Who Give to Them

It is that time of year when we celebrate with family, remember all we have to be thankful for, and scramble to squeeze out those last few dollars of tax deductible charitable gifts. And that got me thinking about the tax treatment of charities and other non-profits.   It is surely true that we give […]