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New York Times: “Federal Reserve is tax exempt!”

Posted on May 18, 2010 by Darryl W. Perry

12 U.S.C. 531. Exemption From Taxation.

“Federal reserve banks, including the capital stock and surplus therein, and the income derived therefrom shal be exempt from Federal, State, and local taxation, except taxes upon real estate.”

Federal Reserve is tax exempt!

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