Now they say the IRS has targeted Tea Party groups trying to set up as non-profit organizations, technically known as 501(c)3 organizations after the IRS chapter/verse that defines them. They want to get the IRS out of politics.
I say fair enough. Why don't we take it a step farther and get politics out of 501(c)3's? Did you know there are one million non-profit organizations on file with the gubment? And that doesn't count the other half million with revenues of $25,000 or less that aren't required to jump through all the hoops. And none, of course, pay taxes.
This all sounds like one giant tax dodge to me. Sure, I can see the Cancer Society, Heart Association, food banks, etc. as legitimate non-profit organizations doing work for the public good. But the Tea Party? Or MoveOn.org? If some rich guy wants to contribute to a political group, fine with me, but don't ask me to subsidize his
I say we need to severely tighten up the IRS definition of "non-profit". In too many cases it's little more than a legal tax avoidance scam. I could live like "The Donald" if I had just a fraction of what the IRS leaves on the table.
Put me in charge for a few months and I promise our tax coffers will soon be overflowing. (Well....less low.) And there will be a lot of formerly highly paid non-profit CEO's crying in their domestic beers.
S
