TranscendentalEmpire@lemmy.today 17 hours ago
I feel like nonprofit should come with default quotations nowadays. At this point it’s just a way to avoid taxation during development until you have a feasible route to profitability.
TranscendentalEmpire@lemmy.today 17 hours ago
I feel like nonprofit should come with default quotations nowadays. At this point it’s just a way to avoid taxation during development until you have a feasible route to profitability.
acosmichippo@lemmy.world 16 hours ago
don’t you avoid taxes anyway if you’re not profitable?
TranscendentalEmpire@lemmy.today 16 hours ago
Nah, you still end up paying state and local taxes. Income/revenue is different than profit.
Plus, being a non profit allows for people like Jack to utilize donations as tax deductions.
themurphy@lemmy.ml 15 hours ago
We need stronger rules for non profits then.