Comment on Twitter founder Jack Dorsey pumps $10 million into a nonprofit to build Nostr-based social media apps

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TranscendentalEmpire@lemmy.today ⁨9⁩ ⁨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.

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