Posted on 08/09/2004 4:58:34 PM PDT by Deep Freep
Below is a comparison of the 527 filings for MoveOn and the Swifties. The media is haveing a meltdown because someone other than the radical left has formed a 527 corporation. A 527 formed by anyone with a message not deemed in accordance with the MSM's leftist apologetics is a tool of the RNC and the Bush adminstration, while MoveOn.org's millions from Soros go unmentioned.
So, look who has more money and more large donors. Keep this in mind while the media tries to smear the Swfties and paint them as tools of the right-wing.
You can look up the 527 filings at the IRS website. The EIN's are listed below.
WHERE WAS THE OUTRAGE ABOUT MOVEON.ORG'S COMMERICIALS?????
MoveOn.org Voter Fund (EIN: 200234065) 4/1/04-6/30/04 |
SwiftBoat Veterans for Truth (EIN: 201041228) 4/23/04-6/30/2004 |
||||
Total contributions: | $418290 | $158750 | |||
top ten largest donations
|
number who gave this amount
|
top ten largest donations
|
number who gave this amount
|
||
200,000
|
1
|
100,000
|
1
|
||
50,000
|
1
|
25,000
|
2
|
||
40,000
|
1
|
2,000
|
3
|
||
25,000
|
1
|
1,000
|
1
|
||
20,000
|
1
|
500
|
3
|
||
10,000
|
2
|
250
|
1
|
||
5,000
|
4
|
||||
4,000
|
1
|
||||
1,700
|
1
|
||||
1,000
|
14
|
||||
Remember how Move On openly asked for money for Kerry's campaign? A flagrant violation of the rules. But that's ok. Rules are for Republicans.
When it finally got noticed, the guy who was running Move On's money raising for Kerry then moved over to work on Kerry's campaign directly.
What a shock!
I hope that's gonna change.
I made a contribution.
I believe the 527 section of the tax code existed before McCain's Campaign Finance Reform was passed. McCain didn't expect the pubbie chairman of the Federal Election Commission to believe in the 1st Amendment.
Besides Soros, another bigwig is Peter Lewis from Progressive Insurance, IIRC. But there are plenty of other left-wing big-shots donating. Tax-deductibility is determined by Congress or the IRS.
Actually, it appears to me that MoveOn.Org $$$ is going down!
How is Soros funneling in his billion$$ to moveon??
McCain came up with this stupid scheme because he wanted "to make his mark on national policy" and he's incapable of thinking the subject to its logical conclusions.
My understanding is that these organizations are NOT tax-deductible.
Congressman Billybob
Latest column, "Says the Wuss: Ma, He's Touching Me"
If you haven't already joined the anti-CFR effort, please click here.
But, it is my understanding that PACs, 527s and 501 (c) (4)s are tax exempt, meaning they do not pay income tax like a regular corporation would. And donations to them are NOT tax deductible to the donor.
A 501 (c) 3 organization, on the other hand, is tax exempt just like the others, but donations ARE tax deductible to the donor (eg: American Heart Assoc, etc.).
As you might expect, it is harder to get a c3 approved by the IRS than the others.
A legitimate charity that has tax deductibility has this unique benefit. A donor in the 50% marginal tax bracket can give them $1,000 at a cost of only $500, because he saves the other $500 in taxes he doesn't have to pay.
John / Billybob
McCain knew exactly what he was doing.
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