DesMoinesRegister.com: "Big salaries don't jibe with tax-exempt status
Breaks for hospitals, other nonprofits deserve review.
By REGISTER EDITORIAL BOARD
May 30, 2005
If you're lucky enough to have health insurance, your premium probably increased this year. Health care is expensive. And then you pick up The Des Moines Register last week and read that Covenant Medical Center in Waterloo paid two of its doctors annual salaries of more than $2 million.
What gives?
People struggling with high health-care bills are no doubt scratching their heads. Taxpayers should be, too.
Hospitals enjoy tax-exempt status as charitable organizations. If you're the doctor earning $2 million, you may think the hospital is pretty charitable. But such eye-popping salaries should raise questions about giving these institutions a free ride on income, property and sales taxes."
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