That's not what a non-profit is, and I already discussed how it can't offset your profit. Businesses operate "in the red" all the time. You can have a shitty December that closes out your tax year and show a loss, or you can simply spend down cash that was held over from a fantastic year five years ago. Offsetting your income means SPENDING it. It fuels the economy. You pay taxes on income you KEEP. Businesses constantly reinvest by SPENDING MONEY.
That's not what a non-profit is, and I already discussed how it can't offset your profit. Businesses operate "in the red" all the time. You can have a shitty December that closes out your tax year and show a loss, or you can simply spend down cash that was held over from a fantastic year five years ago. Offsetting your income means SPENDING it. It fuels the economy. You pay taxes on income you KEEP. Businesses constantly reinvest by SPENDING MONEY.
If you can't tell, I'm in the trade.