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As for Donald Trump, the president published an item to his social media platform on Tuesday that read in part, “Perhaps Harvard should lose its Tax Exempt ... For example, there’s still ...
While there are examples of colleges losing or failing to achieve tax-exempt status, this has never come on the heels of a president’s express wish. The IRS is supposed to be immune from politics.
The administration on Wednesday moved to revoke the university’s tax-exempt status, continuing the president’s tug-of-war ...
With a direct tax, you pay the tax to the entity that imposed it. Examples include income tax, real property tax, personal property tax, and taxes on assets, all of which are paid by an individual ...