Friday, May 13, 2011

I'm Okay With This

I.R.S. MOVES TO TAX GIFTS TO GROUPS ACTIVE IN POLITICS: Big donors like David H. Koch and George Soros could owe taxes on their millions of dollars in contributions to nonprofit advocacy groups that are playing an increasing role in American politics. Invoking a provision that had rarely, if ever, been enforced, the Internal Revenue Service said it had sent letters to five donors, who were not identified, informing them that their contributions may be subject to gift taxes depending on whether the donations exceeded limits under the tax laws.


It seems to me the non-profit game gets to fly under the radar. I'm not convinced of the usefulness of these groups and whether they play an important or vital role in our society. Like anything else, what starts out as a good idea eventually gets copied and manipulated over time.

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