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On the Future of Linux Weekly News

Posted by ryuzaki0 on Sunday July 28, 2002 @12:41AM from the community-chest dept.

Trevelyan writes "This article on LWN shows they are not alone, it seems that since they announced they will finish 1 August, loads of people have been emailing their support, and donating money, $12,000 as of this writing."

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Re:Donations seem to be small.... by Eric+Smith · 2002-07-28 08:31 · Score: 3, Informative

ALso is LWN is it legal for LWN to take donations without being a not-for-profit?
Of course it's legal!
Donations to for-profit concerns aren't tax deductible for the donor, though.
Does thi smean LWN has too treat the "donations," as investments?
No. They have to treat the donations as business income. However, when they use it for paychecks for their employees, they get to write off the payroll as a business expense. So unless they get so much money donated that they show a profit (which seems unlikely), the business does NOT end up paying tax on it.