And the richer you are, the less taxes you actually pay. And now the IRS has no enforcement staff so taxes are more like the voluntary contribution box than a ticket counter, especially for folks who can afford accountants and lawyers to cook their books.
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But here we are.
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The Internal Revenue Service is making plans to rescind the tax-exempt status of Harvard University, according to two sources familiar with the matter, which would be an extraordinary step of retaliation as the Trump administration seeks to turn up pressure on the university that has defied its demands to change its hiring and other practices.
A final decision on rescinding the university’s tax exemption is expected soon, the sources said.