Tags: Occupy | Wall | tax | exempt

The Irony of It All: Occupy Wall St. Is Tax Exempt

Monday, 31 Oct 2011 02:10 PM

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Although the Occupy Wall Street movement has made tax the rich a central cause, the group is not shy about taking a tax break of its own. Donations to the group, now totaling more than half a million dollars, are tax exempt, the New York Post reported.

The group Alliance for Global Justice is sponsoring the protests, which allows the movement to share in its tax-exempt status. As a result, those donating to the Occupy Wall Street movement can deduct the amount from their federal taxes.

The Alliance is a Washington-based group that advocates a variety of causes including hunger strikes in California prisons and protesting the CIA and oil companies. In return for sponsoring Occupy Wall Street, the Alliance is taking a 7 percent cut of donations, according to the New York Post.


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