erik lundegaard

501(c)(4)

If I were the I.R.S., I would be investigating Tea Party claims, too. From Jeffrey Toobin's post, “The Real I.R.S. Scandal,” on the New Yorker site:

It’s important to review why the Tea Party groups were petitioning the I.R.S. anyway. They were seeking approval to operate under section 501(c)(4) of the Internal Revenue Code. This would require them to be “social welfare,” not political, operations. There are significant advantages to being a 501(c)(4). These groups don’t pay taxes; they don’t have to disclose their donors—unlike traditional political organizations, such as political-action committees. In return for the tax advantage and the secrecy, the 501(c)(4) organizations must refrain from traditional partisan political activity, like endorsing candidates.

I don't get why this isn't the story.

On the other hand, this may be a boon: a call to visit your local Tea Party office if you're ever in need of social welfare. I'm sure, as a social welfare organization, they'd be willing to help.


Posted at 06:37 AM on Tue. May 21, 2013 in category Politics  
Tags: , ,

COMMENTS

Reed wrote:

How dare you?!? Patriotic Americans exercising their right to free speech. Is nothing sacred? Why don't you move north to Canada, hippie?

Why is it that all of these “scandals” keep reminding me of Dan Rather's expulsion from the ranks of accredited journalists?
--Benghazi - Republican liars convince journalist to run with his “scoop” even though it's false. Rather did the same thing, but his mistake was with a forgery. Shouldn't Karl be out?
--IRS - Despite that forgery, W was indeed AWOL, and the heart of the story shouldn't have changed. Similar to the IRS scandal. People are trying to influence the political process through bogus organizations, and what on earth was wrong with the IRS trying to get to the bottom of it? Clearly they made other mistakes (just as Rather did), but is this an excuse to miss a potentially bigger problem?
--AP - To be honest, I don't really know what's going on here. I'm a bit scandaled out at this point

Comment posted on Tue. May 21, 2013 at 08:20 AM

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