New Tax Could Hit Many Nonprofits Paying $1 Million-Plus Employees

New Tax Could Hit Many Nonprofits Paying $1 Million-Plus Employees

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David Thompson, vice president for public policy at the National Council of Nonprofits, said he feared the new rules could have a chilling effect on nonprofit mergers and discourage talented workers from jumping into the nonprofit world.

"It could discourage consolidations," said Thompson. "It could also affect where people go to work. We could have a talented nonprofit person shift over to the for-profit side to get the higher salaries that are now arbitrarily restricted."

Source Name: 
The Chronicle of Philanthropy
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