Sunday, April 24, 2011

Boston sends ‘tax’ bills to major nonprofits : Aims to triple voluntary payments within 5 years

The Boston Globe reports:
For the first time, Boston’s major tax-exempt institutions — its premier hospitals, universities, and cultural centers — are being asked to make regular voluntary payments to the city based on the value of their property to help offset the rising cost of city services and cuts in state financial aid.
Tax-exempt organizations own 52% of the land in Boston. Statist Columbia University economist Jeffrey Sachs is quite silent about taxing the socialist sector of the economy.