Comment on Twitter founder Jack Dorsey pumps $10 million into a nonprofit to build Nostr-based social media apps
don’t you avoid taxes anyway if you’re not profitable?
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.
We need stronger rules for non profits then.
TranscendentalEmpire@lemmy.today 13 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 12 hours ago
We need stronger rules for non profits then.