The organization itself is/should be registered as a 501c7 organization, which means that it is tax-exempt. And yes, it is the same idea as a country club or other social organization. key difference between a frat and a charity is that donations to a frat are not tax deductible for the donors.
My garage sale was tax exempt. You don’t see me bragging
14 years ago at 12:51 am… He is talking about fraternities. That applies to you too unless you are a geed; and if that is the case, go away.
Trying to be cynical over the internet because you think it’s cool, yet fucking that up anyway: NF.
14 years ago at 12:27 pmYour garage sale is tax exempt because you’re poor as shit and it’s considered a charity donation.
14 years ago at 12:54 amPlease explain to me how a fraternity is tax exempt?
14 years ago at 1:55 amnon-profit/not for profit
14 years ago at 10:25 amPlease explain to me how a fraternity is tax exempt. They apply as a normal club, and have no reason for an exemption
14 years ago at 1:56 amfir the most part, clubs fall under the non-profit category, meaning that they are tax-exempt.
this is why most country clubs are also tax exempt, thich is also FaF.
knowing how to legally get around taxes = FaF
inform yourself geed
14 years ago at 8:33 am*for
14 years ago at 8:33 amare you dumb
14 years ago at 8:39 amThe organization itself is/should be registered as a 501c7 organization, which means that it is tax-exempt. And yes, it is the same idea as a country club or other social organization. key difference between a frat and a charity is that donations to a frat are not tax deductible for the donors.
14 years ago at 9:34 pmNon profit organization
14 years ago at 2:41 amName referencing abraham lincoln. NF.
14 years ago at 6:34 amYou’re right. “Fratdog” is so much more intelligence..the same intelligence that inherits money, yet can’t create it.
14 years ago at 1:02 amThis also makes alumni donations not tax deductible.
14 years ago at 7:42 amLove your name!
14 years ago at 12:24 pmNew accounting standards are royal pain in the ass for us fraternity men though
14 years ago at 7:58 ama*
14 years ago at 7:59 amnot paying taxes means you don’t support your country. NF
14 years ago at 8:35 amBullshit, we weren’t founded to fund welfare babies
14 years ago at 11:13 amHaving to pay taxes. NF.
14 years ago at 11:20 amTax avoidance. TFM.
Mother fucker we run this country. Your GDI family pays us.
14 years ago at 12:27 pmObama trying to make the US a little more GDI all the time…
14 years ago at 10:57 amhttp://philanthropy.com/article/Charitable-Deduction-Under/125495/