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What Are the Excise Taxes Imposed on Private Foundations, and Why

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What are the excise taxes imposed on private foundations, and why are they imposed?


Definitions:

Same-Sex Marriage

The legal or socially recognized marriage between two individuals of the same sex or gender.

Nandi

A term that might refer to a particular group or concept within a culture, requiring context for an accurate definition.

Household

A domestic unit of one or more people living in the same residence. Other than family members, a household may include nonrelatives, such as servants.

Residence

A place where individuals live or dwell, ranging from houses and apartments to more temporary accommodations.

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