NonProfit Quarterly
APRIL 2, 2025
When it comes to racial and economic justice and government taxation, federal policy tends to get the most attention. However, state and local taxation are far more damaging. However, state and local taxation are far more damaging shifting the tax burden from the well-to-do to the least well off.
NonProfit Quarterly
JULY 10, 2024
Earlier this year, the Institute on Taxation and Economic Policy (ITEP) published Who Pays: A Distributional Analysis of the Tax Systems in All 50 States, its seventh study on the topic since 1996 and its first since 2018. What Is State Taxation Like Today? A Progressive Path Can state taxation be progressive?
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NonProfit Quarterly
APRIL 19, 2023
The credit amount depends on the individual’s tax-filing status, the number of children that they support, and income. As with most injustices in our economic and political systems, regressive taxation has hit BIPOC and low-income Americans the hardest. For 2022, the credit ranged from $569 to $6,935.
The Charity CFO
SEPTEMBER 14, 2022
However, as detailed in Publication 598 of the Internal Revenue Service, income not directly related to their declared charitable purpose is subject to federal taxation. This is called the unrelated business income tax, or UBIT. So how do you know if your nonprofit organization has taxable unrelated business income?
NonProfit Hub
SEPTEMBER 8, 2015
These include charitable, religious, educational, scientific, literary, testing for public safety, fostering national or international amateur sports competition and preventing cruelty to children or animals. While that’s quite the lengthy list, it’s not complete because the IRS breaks it down even more and defines what charitable means.
iMarketSmart
AUGUST 30, 2017
Skepticism about the government’s involvement in people’s economic lives – Brooks wrote that politicians and a significant number of people take credit for being charitable without spending their own money because they, instead, support policies of income distribution through taxation and this affects their private giving.
NonProfit Quarterly
APRIL 19, 2023
Little Myths on the Prairie As Quart points out, the stories children read influence the values they enact as adults. Future neoliberal enthusiast Ronald Reagan honed his message in the 1950s as the host of General Electric Theater, one of those funded programs, nearly three decades before he would be elected president.
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