jimenezmariana1736 jimenezmariana1736

10-09-2021
Business

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Does the Federal Reserve pay taxes?

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jakediamond jakediamond

10-09-2021

Answer:

Federal Reserve banks are exempt from paying taxes at the federal, state and local levels, except on real estate holdings. This is because of rules on taxation set forth in Section 7(c) of the Federal Reserve Act.

Explanation:

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