Re:So you want to tax the rich? OK, let's start with Harvard
by sneak on Wednesday April 28, 2021 @05:36AM
(#26967506)
You're right. The congress doesn't have the authority to tax (or legislate) them in the first place; not being subject to tax laws at all, they cannot be then exempted from tax liabilities under them.
These rules come from the US Code § 501 (c), https://www.law.cornell.edu/uscode/text/26/501
> (3) [...] religious, charitable, scientific, testing for public safety, literary, or educational purposes, or to foster national or international amateur sports competition (but only if no part of its activities involve the provision of athletic facilities or equipment), or for the prevention of cruelty to children or animals [...]