One of the biggest loopholes would be tax free for religions and charities. Any not for profit organization wouldn't have a problem as only businesses that make a profit pay tax.
Market Close: We're probably not going to see a contrarian September rally – but this way, 2025 might see a Santa Rally
SKK Stakk – formerly Douugh – rockets +300% on deal with Robinhood, the US trading app of 'meme stock' fame