should private and independent school provide accountability and transparency admission

[Anonymous]

Anonymous wrote:

Anonymous wrote:What subsidies is anyone referring to? The tax deductibility of donations used to provide financial aid?

No income taxes and no taxes on the endowments.

The taxes the you and I normally pay.

Check propublica to understand how corrupt the system is.

Well, income tax is typically paid on….wait for it….income. The schools don’t have income. If person individually has no income, they pay no tax. If a business as no profit, they don’t pay tax. Interest generated from the endowment goes back into the endowment.

You can’t really be this obtuse.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:What subsidies is anyone referring to? The tax deductibility of donations used to provide financial aid?

No income taxes and no taxes on the endowments.

The taxes the you and I normally pay.

Check propublica to understand how corrupt the system is.

Well, income tax is typically paid on….wait for it….income. The schools don’t have income. If person individually has no income, they pay no tax. If a business as no profit, they don’t pay tax. Interest generated from the endowment goes back into the endowment.

You can’t really be this obtuse.

Thanks for clarification. They don’t pay corporate income tax. Sorry, I forgot to include corporate.

[Anonymous]

Anonymous wrote:

Anonymous wrote:What subsidies is anyone referring to? The tax deductibility of donations used to provide financial aid?

Also - as a non-profit, aren't they exempt from property tax?

Non-profit that serve rich children. Exactly the spirit of non-profits. 👏

[Anonymous]

Corporations pay income tax on profit, which a school doesn't have. It this like an angry idealistic middle school student who has had no classes yet in government, economics or finance?

[Anonymous]

Anonymous wrote:Corporations pay income tax on profit, which a school doesn't have. It this like an angry idealistic middle school student who has had no classes yet in government, economics or finance?

Check the tax forms of private schools in propublica and then come back with a more intelligent post.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:What subsidies is anyone referring to? The tax deductibility of donations used to provide financial aid?

Also - as a non-profit, aren't they exempt from property tax?

Non-profit that serve rich children. Exactly the spirit of non-profits. 👏

Did you start a non-profit to serve poor children or too busy trolling here?

[Anonymous]

I have. As you may not be bright enough to process, any NOI of a school gets put back into the school. It does not get distributed to shareholders. Hence, the whole not profit thing.

If you believe that not for profits should not exist, be required to pay tax on revenue or anything else, take it up legislatively.

BTW - sorry your kid didn't get in.

[Anonymous]

OP, send your kid to public this fall and supplement with tutoring and test prep. Have her engage in some meaningful extracurriculars that she can write about in her application. Research the right schools for your family and reapply next cycle.

If your husband has the clout you implied he does, find out who are on the boards of the schools you’re targeting and connect with them. Ask these board members to put in a call for your kid. If you were an insider, someone would have quietly whispered this to you already.

[Anonymous]

Anonymous wrote:OP, send your kid to public this fall and supplement with tutoring and test prep. Have her engage in some meaningful extracurriculars that she can write about in her application. Research the right schools for your family and reapply next cycle.

If your husband has the clout you implied he does, find out who are on the boards of the schools you’re targeting and connect with them. Ask these board members to put in a call for your kid. If you were an insider, someone would have quietly whispered this to you already.

If you were really influential and important, you’d have people doing this for you instead of yourself.

[Anonymous]

Anonymous wrote:I have. As you may not be bright enough to process, any NOI of a school gets put back into the school. It does not get distributed to shareholders. Hence, the whole not profit thing.

If you believe that not for profits should not exist, be required to pay tax on revenue or anything else, take it up legislatively.

BTW - sorry your kid didn't get in.

I posted at length trying to calm the OP down saying that great kids can be unlucky at admissions, because I thought the OP had a kid who didn't get in, and she was angry about the non-transparency of the rejection. But Then they claimed that their kid was already attending a private school and it was their friends' kids who didn't get in. Now the rant has changed and I seriously doubt the OP even has a kid, much less one at a private school given that private schools are for the corrupt elite. I've totally been trolled! Oh well.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:What subsidies is anyone referring to? The tax deductibility of donations used to provide financial aid?

Also - as a non-profit, aren't they exempt from property tax?

Non-profit that serve rich children. Exactly the spirit of non-profits. 👏

Did you start a non-profit to serve poor children or too busy trolling here?

No, I will stay a non-profit private school. Is more profitable.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:What subsidies is anyone referring to? The tax deductibility of donations used to provide financial aid?

Also - as a non-profit, aren't they exempt from property tax?

Non-profit that serve rich children. Exactly the spirit of non-profits. 👏

Did you start a non-profit to serve poor children or too busy trolling here?

No, I will stay a non-profit private school. Is more profitable.

*open

[Anonymous]

All the profits from the endowments are tax free. Huge subsidies to private schools ….. that really don’t needed.

So far everyone agrees with the subsidies to rich schools and no one says that those subsidies should be instead allocated to public schools.

The only thing I can say is that all of you have the same Quaker values as sidwell. They don’t like the government, except when they give subsidies and free money.

[Anonymous]

Anonymous wrote:All the profits from the endowments are tax free. Huge subsidies to private schools ….. that really don’t needed.

So far everyone agrees with the subsidies to rich schools and no one says that those subsidies should be instead allocated to public schools.

Last time I saw this kind of wealth redistribution was in a Communist authoritarian regime. It didn’t turn out very well for them.

[Anonymous]

Anonymous wrote:

Anonymous wrote:All the profits from the endowments are tax free. Huge subsidies to private schools ….. that really don’t needed.

So far everyone agrees with the subsidies to rich schools and no one says that those subsidies should be instead allocated to public schools.

Last time I saw this kind of wealth redistribution was in a Communist authoritarian regime. It didn’t turn out very well for them.

Well, you should read a bit more about tax policy in Scandinavian countries that are very rich and financehigh quality public education. It doesn’t hurt to read more.