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Thread: Democratic congressman sues IRS over political rules

  1. #11
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    Re: Democratic congressman sues IRS over political rules

    Quote Originally Posted by polgara View Post
    Why then can individuals give in the name of Mickey Mouse, Ivan the Terrible, Tarzan, or any name they choose? How are those tracked? Is it the amount of money that is at issue here? I'm not being snarky, I really don't know the answer. :
    To be honest I really don't know. Am I to assume you're talking about the names given at the end of political ads? Like paid for by The Ethical Treatment of Millionaires Committee? I think the information would be available to the public through possibly the IRS.


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    Re: Democratic congressman sues IRS over political rules

    Quote Originally Posted by specklebang View Post
    I could not agree more. As it is, most 501(c)3s are nothing but tax liberated businesses but at least they have some purported social welfare purpose. A 501(c)4 playing the 49% game means 49% goes to politics and 51% goes into the owners pockets.

    Will one lone Congressperson be able to affect the billions in tax free profits? I seriously doubt this.
    i agree to, but there is a chence because it is brought up in courts not in the legislature. If it would be in the legislature we all would give a golf clap while the idea was trampled to death by a greedy congress who hates to say where there money is really coming from. yeah, I am sure it is doomed, but I am hoping that perhaps the courts would throw us a bone and take it up for some magical and completely random reason which does have a chance to make a legitimate argument.

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    Re: Democratic congressman sues IRS over political rules

    Quote Originally Posted by humbolt View Post
    It is strange. Arguing that a 501 c4 organization should not legally receive the status it does is an argument between Van Hollen and the IRS. In the run up to the last election, more right-leaning groups applied for tax-exempt status than did left-leaning groups. This could be an attempt to undercut that perceived advantage using legal means rather than simply arranging for the IRS to stall the applications as they did before. If Van Hollen is successful, we're going to have to go back and revisit some of the other groups that have already received such status and make certain it's revoked. That might include some cherished left leaning institutions. Think Priorities USA, and the like.
    I would be completely up for that. It is not like paying taxes would kill them or cause them to not be able to do what they do. They would still be corporations. They would still be able to do business. No one is talking about stopping that.

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    Re: Democratic congressman sues IRS over political rules

    Quote Originally Posted by tererun View Post
    I would be completely up for that. It is not like paying taxes would kill them or cause them to not be able to do what they do. They would still be corporations. They would still be able to do business. No one is talking about stopping that.
    I don't disagree. Talk about left handed compliments - I suppose that's one of them. I understand the argument that it's reasonable for such an entity to offer some support to political enterprises which advocate their point of view, but I do agree as well that tax advantages that are associated with what could be characterized as their core function should be limited exclusively to that function, and that alone. IOW, if it's reasonable to allow the practice, then it's reasonable to tax that portion of the effort.

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    Re: Democratic congressman sues IRS over political rules

    Quote Originally Posted by polgara View Post
    Why then can individuals give in the name of Mickey Mouse, Ivan the Terrible, Tarzan, or any name they choose? How are those tracked? Is it the amount of money that is at issue here? I'm not being snarky, I really don't know the answer. :
    Certain types of political donations of certain amounts have to be reported. If your donation was in that category, giving a false name would be illegal.
    He touched her over her bra and underpants, she says, and guided her hand to touch him over his underwear
    Quote Originally Posted by Lutherf View Post
    We’ll say what? Something like “nothing happened” ... Yeah, we might say something like that.

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    Re: Democratic congressman sues IRS over political rules

    Quote Originally Posted by Deuce View Post
    Certain types of political donations of certain amounts have to be reported. If your donation was in that category, giving a false name would be illegal.
    Greetings, Deuce.


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