Cenk Uygur
@TheYoungTurks·6.5M subscribers·72.8K videos
The Whole IRS 'Scandal' Was About ONE Thing & It Totally Worked
Posted
July 15, 2014
Views
50,621
Likes
1,311
Comments
218
Engagement
3.02%
July 15, 2014
50,621
1,311
218
3.02%
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7:44Now Playing"The Internal Revenue Service has decided to award most nonprofit groups tax exemption status without being screened, Time reported Sunday.
IRS Commissioner John Koskinen told Time that about 80 percent of charitable groups seeking tax exemption will go through a simplified application process. Groups that report total assets lower than $250,000 and an income of less than $50,000 can pay a $400 fee and fill out a three-page form to automatically be eligible to receive tax-deductible donations.
Prior to the change, the application process involved a 26-page form, and required groups to provide supporting documentation and outline their intended activities to be considered for tax-exempt status."* The Young Turks host Cenk Uygur breaks it down.
*Read more here from Ashley Alman / The Huffington Post:
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