Tax-Exempt

Sometimes the US government will give a company “tax exempt” status, meaning that they are not subject to any tax from the government or regulator. Usually religious organizations, schools, social clubs and public charities are tax exempt—but they don’t get off totally scot-free. They have to adhere to special rules and regulations that go along with that privilege.

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2017-12-13T19:56:42+00:00

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