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  • 10-09-2021
  • Business
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Does the Federal Reserve pay taxes?

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jakediamond
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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