When a candidate drops out of the election...
 

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

It goes into anti-porn programs.

a gift is a gift

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

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

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

they keep it.
tax free.


damn good reason to run isn't it?

its just all gay anyways....whtevr

I convert those candidates easily on twink sites

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

Ok Ron Paul may actually be brilliant.

thats a good question.

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.

they build more public restrooms so they can play footsie.

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.

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.

Sounds about right :thumbsup

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