When a candidate drops out of the election... - GoFuckYourself.com

After Shock Media · 01-10-2008, 07:05 PM

What happens to all the money that was donated to them to run?

gornyhuy · 01-10-2008, 07:06 PM

It goes into anti-porn programs.

baddog · 01-10-2008, 07:07 PM

a gift is a gift

After Shock Media · 01-10-2008, 07:09 PM

Quote:

Originally Posted by baddog

a gift is a gift

So they get to just keep it and pay the gift tax I am sure?

pornguy · 01-10-2008, 07:09 PM

They spend it on a new car. IM running next year

Angry Jew Cat - Banned for Life · 01-10-2008, 07:23 PM

it's spent on cocaine and highly illegal sex tourism. god bless america...

sumphatpimp · 01-10-2008, 07:25 PM

they keep it.
tax free.

damn good reason to run isn't it?

madfuck · 01-10-2008, 07:28 PM

its just all gay anyways....whtevr

Socks · 01-10-2008, 07:29 PM

I convert those candidates easily on twink sites

teg0 · 01-10-2008, 07:29 PM

Don't some of them donate it to whatever candidate they endorse after they drop out?

After Shock Media · 01-10-2008, 07:42 PM

Ok Ron Paul may actually be brilliant.

tony286 · 01-10-2008, 07:55 PM

thats a good question.

trafik2 · 01-10-2008, 08:47 PM

The Federal Election Commission has strict regulations as to what can be done with unused campaign donations.

According to the Federal Election Commission, there is a law called the Presidential Election Campaign Fund Act. That law takes $3 from every willing income tax filer and puts it in a big fund. Candidates who meet minimum requirements, then receive matching funds.

The FEC stipulates that any candidate is allowed to retain his or her money for a future election once they decide to call it quits in any given election.

FEC stipulates that a presidential candidate can donate his money to a non-profit organization of his choosing so long as it has 501 (c) tax status. That includes special interest groups. That candidate may donate to organizations ranging from the National Rifle Association to MoveOn.org.

The FEC also states a presidential candidate can donate his funds to another campaign committee. So if you donated to an underdog candidate or pay federal income tax, there is a pretty healthy chance that you have bankrolled one of the top tier candidates, again whether you support that candidate or not.

notoldschool · 01-10-2008, 08:50 PM

they build more public restrooms so they can play footsie.

After Shock Media · 01-10-2008, 08:59 PM

Quote:

Originally Posted by trafik2

The Federal Election Commission has strict regulations as to what can be done with unused campaign donations.

According to the Federal Election Commission, there is a law called the Presidential Election Campaign Fund Act. That law takes $3 from every willing income tax filer and puts it in a big fund. Candidates who meet minimum requirements, then receive matching funds.

The FEC stipulates that any candidate is allowed to retain his or her money for a future election once they decide to call it quits in any given election.

FEC stipulates that a presidential candidate can donate his money to a non-profit organization of his choosing so long as it has 501 (c) tax status. That includes special interest groups. That candidate may donate to organizations ranging from the National Rifle Association to MoveOn.org.

The FEC also states a presidential candidate can donate his funds to another campaign committee. So if you donated to an underdog candidate or pay federal income tax, there is a pretty healthy chance that you have bankrolled one of the top tier candidates, again whether you support that candidate or not.

So they can donate it to their own 501 (c) whom then purchases some land and such from the candidate. Gives some children some poney rides every season and walla but opps I forget they need employee's and grants and stuff to keep operating.

spunkmaster · 01-10-2008, 09:20 PM

They usually set up a trust account then they can keep the cash after they retire.

John McCain became a congressman 30 years ago with nothing but a Navy retirement check of $1200 per month and now is worth 70 Million.

Al Gore had 10 million and gave half to the DNC and kept the rest

John Glen pocketed 10 Million back in 1980 and didn't pay out 5 million to several companies he owed debts to. The company that made the yard signs got taken for over a million and Glen gave the cash to his family.

woj · 01-10-2008, 09:28 PM

Quote:

Originally Posted by After Shock Media

So they can donate it to their own 501 (c) whom then purchases some land and such from the candidate. Gives some children some poney rides every season and walla but opps I forget they need employee's and grants and stuff to keep operating.

Sounds about right

and lets not forget that during the campaign he can also hire "consultants" who happen to be his buddies...

01-10-2008, 07:05 PM	#1
After Shock Media It's coming look busy Join Date: Mar 2001 Location: "Ph'nglui mglw'nafh Cthulhu R'lyeh wgah'nagl fhtagn". Posts: 35,299	When a candidate drops out of the election... What happens to all the money that was donated to them to run? __________________ [email protected] ICQ:135982156 AIM: Aftershockmed1a MSN: [email protected]

01-10-2008, 07:06 PM	#2
gornyhuy Chafed. Join Date: May 2002 Location: Face Down in Pussy Posts: 18,041	It goes into anti-porn programs. __________________ icq:159548293

01-10-2008, 07:09 PM	#5
pornguy Too lazy to set a custom title Industry Role: Join Date: Mar 2003 Location: Homeless Posts: 62,911	They spend it on a new car. IM running next year __________________ PornGuy skype me pornguy_epic AmateurDough The Hottes Shemales online! TChicks.com \| Angeles Cid \| Mariana Cordoba \| MAILERS WELCOME!

01-10-2008, 07:42 PM	#11
After Shock Media It's coming look busy Join Date: Mar 2001 Location: "Ph'nglui mglw'nafh Cthulhu R'lyeh wgah'nagl fhtagn". Posts: 35,299	Ok Ron Paul may actually be brilliant. __________________ [email protected] ICQ:135982156 AIM: Aftershockmed1a MSN: [email protected]

01-10-2008, 08:47 PM	#13
trafik2 Confirmed User Join Date: Jun 2007 Posts: 112	The Federal Election Commission has strict regulations as to what can be done with unused campaign donations. According to the Federal Election Commission, there is a law called the Presidential Election Campaign Fund Act. That law takes $3 from every willing income tax filer and puts it in a big fund. Candidates who meet minimum requirements, then receive matching funds. The FEC stipulates that any candidate is allowed to retain his or her money for a future election once they decide to call it quits in any given election. FEC stipulates that a presidential candidate can donate his money to a non-profit organization of his choosing so long as it has 501 (c) tax status. That includes special interest groups. That candidate may donate to organizations ranging from the National Rifle Association to MoveOn.org. The FEC also states a presidential candidate can donate his funds to another campaign committee. So if you donated to an underdog candidate or pay federal income tax, there is a pretty healthy chance that you have bankrolled one of the top tier candidates, again whether you support that candidate or not. __________________ Make Fat Fucking Cash!

01-10-2008, 07:07 PM	#3
baddog So Fucking Banned Industry Role: Join Date: Apr 2001 Location: the beach, SoCal Posts: 107,089	a gift is a gift

01-10-2008, 07:23 PM	#6
Angry Jew Cat - Banned for Life (felis madjewicus) Industry Role: Join Date: Jul 2006 Location: In Mom & Dad's Basement Posts: 20,368	it's spent on cocaine and highly illegal sex tourism. god bless america...

01-10-2008, 07:25 PM	#7
sumphatpimp Confirmed User Join Date: Aug 2002 Posts: 5,235	they keep it. tax free. damn good reason to run isn't it?

01-10-2008, 07:28 PM	#8
madfuck Registered User Join Date: Oct 2004 Posts: 2,032	its just all gay anyways....whtevr

01-10-2008, 07:29 PM	#9
Socks Confirmed User Industry Role: Join Date: May 2002 Location: Toronto Posts: 8,475	I convert those candidates easily on twink sites

01-10-2008, 07:29 PM	#10
teg0 Confirmed User Join Date: Jan 2006 Location: Gringo in Puerto Rico Posts: 4,204	Don't some of them donate it to whatever candidate they endorse after they drop out?

01-10-2008, 07:55 PM	#12
tony286 lurker Industry Role: Join Date: Aug 2002 Location: atlanta Posts: 57,021	thats a good question.

01-10-2008, 08:50 PM	#14
notoldschool Confirmed User Join Date: Aug 2007 Posts: 5,687	they build more public restrooms so they can play footsie. __________________ No doubt one may quote history to support any cause, as the devil quotes scripture. -- Learned Hand http://www.bjpenn.com

01-10-2008, 09:20 PM	#16
spunkmaster Confirmed User Join Date: Jan 2004 Posts: 2,052	They usually set up a trust account then they can keep the cash after they retire. John McCain became a congressman 30 years ago with nothing but a Navy retirement check of $1200 per month and now is worth 70 Million. Al Gore had 10 million and gave half to the DNC and kept the rest John Glen pocketed 10 Million back in 1980 and didn't pay out 5 million to several companies he owed debts to. The company that made the yard signs got taken for over a million and Glen gave the cash to his family. __________________