Tags: Occupy | Wall | tax | exempt

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

Monday, 31 Oct 2011 02:10 PM

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
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.


© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Ann Coulter: Allow Fewer Muslims into Country

Thursday, 24 Apr 2014 23:45 PM

With religious leaders protesting the use of the words "Islamist" and "jihad" in a seven-minute video at the 9/11 Memori . . .

McCain to Speak Alongside 'Friend' Hillary

Thursday, 24 Apr 2014 23:10 PM

Former Secretary of State Hillary Clinton will join Sen. John McCain at a session of the McCain Institute's annual Sedon . . .

California Moves Toward Stricter Handgun Regulations

Thursday, 24 Apr 2014 22:46 PM

Gun control advocates say thousands of weapons are sold in California each year without a required safety feature that i . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved