Penn Frats Getting Tax Breaks They Don’t Deserve

In recent years, Philly has revoked tax-exempt status for several non-profits, including a church, a halfway house, and two UPenn fraternities, for failing to file with the IRS. Yet Sigma Phi Epsilon and Alpha Psi Epsilon still ain’t paying taxes on the houses they lease (and trash) from UPenn. This doesn’t come as much of a surprise, unfortunately: According to a 2006 study flagged by the Newsworks/WHYY story, Philadelphia had more tax-exempt property than any big city in the country, robbing it of about $21.5 billion. [Newsworks]