The Daily Caller reports on Obama's greediest supporters:
Should Princeton University, a not-for-profit institution, have to pay taxes? Residents of Princeton, N.J., think so.
“They are one of the wealthiest entities of humankind and they are refusing to pay their property taxes,” said Bruce Afran, a lawyer representing residents of the town in their lawsuit against the university, in a statement.
Recently, a tax court judge refused the university’s request to dismiss the case, saying that the stakes are too important. If the residents win, it could have a major impact on how universities structure their property and finances.
There's more:
But another aspect of the suit — and one with potentially far-reaching consequences — holds that the university is now a commercial enterprise, since it shares a portion of its profits on pharmaceutical research with faculty members.
“If they wanted to act like a traditional university they would put the patent into the public domain, and let everyone benefit from it equally,” said Afran. “Once they choose the route of commercializing their patent, they are now a commercial entity and need to pay their taxes like any other commercial entity. The university can’t have it both ways.”
Isn't time to tax those who support socialism? Why is it that ultra-partisan Democrats don't want to pay
their fair share???
