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Sgent

(5,858 posts)

13. This doesn't change the non-profit status

Reply to okaawhatever (Original post)

Fri Nov 29, 2013, 07:14 AM

Nov 2013

it just kicks them out of 501(c)4's into a PAC / Super-PAC, which means they have to disclose donors.

PAC's aren't taxed either because they have no revenue (as defined by the 1913 Tax Code) and regardless expenses will be almost 100% of intake.

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Highlight:

IRS Limits Political Activity in Post-Tea Party Flap Rule [View all] okaawhatever Nov 2013 OP

Good idea. k&r for exposure. n/t Laelth Nov 2013 #1

Fox News headline, "Obama shows his dictatorial colors" cosmicone Nov 2013 #2

Damn that fascist, communist, socialist, nazi, black-power supporting, muslim Kenyan Nanjing to Seoul Nov 2013 #3

These are PROPOSED rules, elleng Nov 2013 #4

These rules are needed Gothmog Nov 2013 #5

Timid stuff, subservient to wealth as always. bemildred Nov 2013 #6

What precisely are the 2nd order effects? If that means more political activity equals more tax 24601 Nov 2013 #7

I think that is how we do business, pretty much. bemildred Nov 2013 #8

I heard a segment on this on NPR � 1StrongBlackMan Nov 2013 #9

the law already says no political activity but the irs has interpretated all to mean some leftyohiolib Nov 2013 #10

Yes there will be comments, but Darryl Issa will have hearings ..... Left Coast2020 Nov 2013 #11

Good to hear....................n/t bobGandolf Nov 2013 #12

This doesn't change the non-profit status Sgent Nov 2013 #13

I don't like it underpants Nov 2013 #14

No more ACORN ButchT Nov 2013 #15