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AverageOldGuy

(3,266 posts)

10. I'm not a tax attorney . . .

Reply to NowISeetheLight (Original post)

Thu Apr 11, 2024, 11:29 PM

Apr 2024

. . . but I suspect it has to do with the way PACs were set up by the people in Congress who benefit from PACs.

For example, SarahPAC -- Sarah Palin's PAC -- was an unlimited PAC which means she used the millions donated to her to buy property in Arizona for herself and her children, pay for childcare for her Down Syndrome son, and everything but political purposes.

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Question - Shouldn't This Be Considered Income? [View all] NowISeetheLight Apr 2024 OP

CREW agrees with you. Frasier Balzov Apr 2024 #1

I agree (long time cpa here). ALBliberal Apr 2024 #2

Every campaign pays for legal services; so does every PAC brooklynite Apr 2024 #7

This is whast's wrong ... KPN Apr 2024 #8

He won't pay a penny. spanone Apr 2024 #3

This message was self-deleted by its author spanone Apr 2024 #4

Jerks like him always seem to get nailed by the IRS Warpy Apr 2024 #5

No its not, for this reason brooklynite Apr 2024 #6

If the ACLU provides you with a free lawyer to argue a reproductive rights case, should you consider that "income"? No. brooklynite Apr 2024 #9

I'm not a tax attorney . . . AverageOldGuy Apr 2024 #10

They can probably argue that it's a legitimate campaign expense unblock Apr 2024 #11