Publishing: What's in a Loophole?

When the Commissioner of Internal Revenue has lunch with the ex-Commissioner of Internal Revenue, it's a good possibility that Topic A will be taxes. So it was last week in a private Washington, D.C., dining room where ex-Commissioner Mortimer Caplin broke bread with Sheldon Cohen, the man who succeeded him last year. One issue Caplin wanted to talk about was lack of taxes, specifically from the tax-exempt organizations that profit so neatly from their publications.

That tax loophole allows "educational" and other nonprofit groups to escape any Government bite on their publishing...

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