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U.S. hospitals, universities, and other profitable organizations could have to meet requirements to be classified as nonprofits or change into for-profit

By Hicbd
Mon Dec 14 2020 11:26 am

"Nearly two-thirds of our nation’s 5,000 hospitals, or around 3,900, call themselves nonprofit, a designation that allows them to avoid paying taxes. Unlike for-profit companies, including for-profit hospitals, nonprofit hospitals pay no taxes. They pay no property tax, no state or federal income tax, and no sales tax."

URL:
https://www.medicaleconomics.com/view/how-nonprofit-hospitals-get-away-biggest-rip-america
https://www.forbes.com/sites/joshfreedman/2013/12/10/the-nonprofit-sector-should-not-exist/?sh=182028cc7501
https://www.nytimes.com/2020/02/20/opinion/nonprofit-hospitals.html
https://www.nytimes.com/2022/09/24/business/nonprofit-hospitals-poor-patients.html

URL Credit


Categories:
U.S. Taxes Hospitals Nonprofits / Civll Society Organizations (CSOs) U.S. Healthcare Universities U.S. Poverty Corruption / Fraud Lawsuits / Personal Injury Higher Education Finance

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