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
Please review Community Guidelines before posting a comment.
>> 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

Fresno School Slammed for Hiring White Teacher for Cultural Studies

Tuesday, 29 Jul 2014 16:25 PM

A flap over whether a white teacher should lead a class on African-American, Latino, and Southeast Asian cultural studie . . .

Fla. State Senator: Make Students See Movie 'America'

Tuesday, 29 Jul 2014 16:18 PM

Florida state Sen. Alan Hays wants students in the Sunshine State to learn real U.S. history, he tells Newsmax TV. . . .

California Insurance Rates Soar Up to 88% After Obamacare

Tuesday, 29 Jul 2014 15:48 PM

Health-care insurance premiums for individuals in California rose between 22 percent and 88 percent in 2014 from last ye . . .

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