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Non-Profit Groups Fight Tax Break At IRS Hearing
Nonprofit publishers defend continued tax exemption for magazines as IRS weighs new rules taxing advertising profits. House subcommittee approves higher postal rates on advertising portions of magazines like National Geographic and Journal of the AMA to fund rate hikes. Witnesses argue tax on ad revenue could raise funds but hurt publication viability.
MENTIONED IN THIS ARTICLE
Washington
Internal Revenue Service
House Post Office
National Geographic
Journal of the American Medical Association
Nation's Business
U.S. Chamber of Commerce
IRS
Arthur Goodearl
The
Atlantic Monthly Co
Marshall Monroe
Boys Life
Boy ' Scouts
Fis
Second Class Mail Publications, Inc
Frederick Lavey
Wall Street Journal
Automotive News
Poultry & Eggs Weekly
Leonard Rowlands
Philadelphia
Hardware Age
Sich
Sam
James Young
Anderson, D.C
Sail
Americas
Medical Association