Does the Federal Reserve pay taxes?

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asked Jun 7, 2022 90.1k views

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Wholerabbit · Answer 1 · 2022-06-13T13:34:33+0000

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.

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Does the Federal Reserve pay taxes?

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