“I think if Thomas Jefferson were looking down, the author of the Bill of Rights, on what’s being proposed here, he’d agree with it. He would agree that the First Amendment cannot be absolute.” - Chuck Schumer (D). Yet, Madison and Mason wrote the Bill of Rights, according to Sheila Jackson Lee, 400 years ago. Yup, it's a fact.
To be tax-exempt under section 501(c)(3) of the Internal Revenue Code, an organization must be organized and operated exclusively for exempt purposes set forth in section 501(c)(3), and none of its earnings may inure to any private shareholder or individual. In addition, it may not be an action organization, i.e., it may not attempt to influence legislation as a substantial part of its activities and it may not participate in any campaign activity for or against political candidates.
Exemption Requirements - 501(c)(3) Organizations
The text of the law can be found at: 26 U.S. Code § 501 - Exemption from tax on corporations, certain trusts, etc. | LII / Legal Information Institute
Last edited by donsutherland1; 04-22-14 at 06:05 PM.
funding is going toward their charity organization purpose the IRS has no weight in the matter.
again soro's so called charity businesses do way worse so why is the IRS not going after them ol yea he backs democrats so he is off limit.