Quote:
Originally Posted by Vendzilla
I just read http://www.irs.gov/pub/irs-tege/eotopicg81.pdf
And according to the IRS, they have the right to go 501(c)(4)
IRC 501(c)(4) provides, in part, for the exemption from federal income
taxation of civic leagues or organizations not organized for profit but operated
exclusively for the promotion of social welfare.1
Section 1.501(c)(4)-1(a)(2)(i) of
the Income Tax Regulations states that an organization will be considered to be
operated exclusively for social welfare purposes if it is primarily engaged in
promoting in some way the common good and general welfare of the people of the
community, i.e. primarily for the purpose of bringing about civic betterments and
social improvements
So they are operating within the rules as such. change the law , fine, but don't let the government target just one party |
No they are not operating with-in the law. The law clearly says their "PRIMARY" focus must be social welfare. The primary focus is not supposed to be political.
Karl Rove's 501 group spent 98% of the money they had in the last election of political adds and so forth. It was actually less than 2% spent on social welfare.
This is straight up against what the law says. They are clearly abusing the system.