The scheme began in 2011 and was propelled by the owner of a for-profit Newport Beach college admissions company.as charitable donations to a nonprofit controlled by the man prosecutors say masterminded the scheme. That allowed the donors to then claim deductions on their income taxes, according to the Internal Revenue Service.
“If the wealthy want to grease the skids, they shouldn’t be able to do so at the expense of American taxpayers.”Although some receive public funding, many universities are structured as nonprofits or have associated foundations, allowing their gifts and donations to be classified as charitable under the federal tax code.
is that university’s charitable arm. Its website publishes the foundation’s identification number with the Internal Revenue Service so that donors can seek a deduction. Gov. Gavin Newsom, during a national media tour to defend his decision to ban California death row executions, on Friday decried"legal bribery" in the college admissions process, including favors given to big donors.
stiles Capitalism. Dems prefer socialism. Ever been to China or Venezuela?
stiles Funny how NOW they’re calling it the “biggest US scandal ever” when in fact the rich have been paying bribes dressed up as donations FOREVER! I’m sure that’s how realDonaldTrump got in as we KNOW JarredKushner was a shitty student but daddy donated 2.5 million & he got in!
stiles The largest college admissions scandal in U.S. history is all the more proof that all things dominated by Liberals/Socialists are never on the up and up.
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