JRStern <JRS...@foobar.invalid> wrote:
>"Adam H. Kerman" <
a...@chinet.com> wrote:
>>JRStern <JRS...@foobar.invalid> wrote:
>>>
csam...@inetworld.net (Charles H. Sampson) wrote:
>>>>In Watergate, a politician with a life-long criminal bent finally
>>>>went too far and struck at the root of what makes our democracy work:
>>>>fair elections. Benghazi was a tragic event, no matter how it was spun,
>>>>that cost the lives of four people, How are these comparable?
>>>Watergate was a drip compared to the current IRS-gate. Even a dozen
>>>more Tea Party groups established before the last election might well
>>>have been enough to change the results.
>>Dude, this all goes back to Watergate. Federal Election Campaign Act,
>>which required disclosure, was new. Still, CREEP (Committee to Re-Elect
>>the President) has huge buckets of funds, little of which was disclosed.
>Maybe, but what did that have to do with the breakin at the hotel?
You didn't seem to appreciate that the tax laws IRS was applying were written
post Watergate, although heavily modified by various court decisions.
>>IRS wouldn't have been involved at all if Tea Party movement types had
>>reported under federal and state disclosure laws, none of which requires
>>IRS recognition and none of it's subject to tax.
>Now that you put it that way ... then what is the point, exactly, for
>any organization seeking tax-exempt status? Don't you HAVE to
>register as one of these kind of organizations now? Why do they even
>have the law?
In exempt organization law, Sec 501(c)(3) covers charities, educational
(schools and educational organizations that aren't schools), and
religious (that aren't churches). (Per court rulings, churches aren't
defined in tax law.) Donors can take tax deductible charitable contributions.
Political activity (influencing an election) would jeopardize their tax
status, and there are restrictions on lobbying, but it's not prohibited.
Over a low threshold, 501(c)(3)s must seek recognition.
501(c)(4) and (6) covers civic organizations/social welfare organizations
and business associations respectively. These can have lobbying as their
primary purpose. Political activity cannot be their primary purpose. They'd
pay a tax on political expenditures.
501(c)(4) and (6) are not required to seek recognition. They do, sometimes,
to give their donors confidence or because they're trying to push tax law
limits. These entities may be trying to push campaign finance law, too,
to claim that certain political expenditures aren't regulated in campaign
finance law, and therefore, their donors aren't subject to disclosure
under campaign finance laws.
Merely obtaining recognition as a 501(c)(4) or (6) isn't adequate to establish
that they haven't made political expenditures regulated under campaign
finance laws.
Sec 527 covers political organizations. There is no IRS recognition.
Most 527s make disclosure under applicable federal and state campaign
disclosure laws. For exceptional 527s that don't, they register with IRS
upon formation and make pre- and post-election disclosures. Sec 527 also
includes taxes on non-527s that make political expenditures.
I guess Sec 527 was written to begin with just to have some way to define
these exempt organizations in the tax code but it wasn't the original intent
of Congress that 527s would make campaign disclosure to IRS. That was a
relatively recent amendment.
>>>And, the root of what makes our democracy work, LOL! Do you know what
>>>Watergate was even all about, what the burglars were after? Pretty
>>>obviously not. I forget the precise details, but it was evidence of
>>>the call-girl ring being run out of the Democratic HQ for benefit of
>>>visiting dignitaries.
>>Are you writing a political novel?
>>Years ago, they claimed they were looking for evidence of foreign
>>contributions, illegal at races at all levels for decades. In his "act",
>>years later, G. Gordon Liddy claimed they were trying to find whatever
>>dirt they had on him.
>I've seen a lot of stories and not cared much about any of them, the
>description I gave is in Liddy's latest book, but the story has been
>around a long time and was the core of Howard Dean's suit(s) against
>Liddy. I think Dean is supposed to have married one of the hookers.
Hah! That would be great if true.