Thursday, August 2, 2012

Ain't Being A Super PAC Great?

Well guess what? The IRS has decided that maybe they should look into the allegations that so called Social Welfare Nonprofits under the 501(C)(4) section of the tax code aren't actually social welfare advocates after all. The IRS thinks that maybe those outfits, like American Crossroads, run by Carl Rove and all the other Super PACs are just fronts for political attack ads by partisan political activists who are able to raise millions of dollars secretly. What are the chances? See, by forming a 501(C)(4) nonprofit corporation, you don't have to pay any taxes on that money because you're supposed to spend the money on social welfare issues. So the question the IRS has, is do they spend that money on those social issues or on attack ads against a political candidate? What are the chances? So, as I said earlier, the IRS has decided it might look into the problem, if there is one. If there is one? Do these folks at the IRS ever turn on their TVs? But at least they've decided to look into it. Exactly what does that mean? What it means is that about three or four years from now, when the IRS finds that these 501(C)(4)s have been naughty, and decides to fine them, the American Crossroads corporations of America will have spent all the money, gone out of business and found a new loophole to take advantage of, in order to continue their attacks. Which means the IRS won't be able to collect a dime and since it was a corporation, the executives of those corporations will be exempt from any charges against the corporation. Remember, corporations are people too. And other people can't be held responsible for their evil-doings. Either that or the Carl Rove's of America will explain that they didn't know this sort of thing was happening on their watch. And they'll apologize. Do ya love it yet?

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