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View Diary: Breaking: IRS to go HARD after American Crossroads/Priorities USA (240 comments)

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  •  Thank You! Thank You! I'm sitting here as an act (2+ / 0-)
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    WheninRome, Notreadytobenice

    blue donor goin WTF - everytime I donate to a political deal it tells me it isn't tax deductible. I guess I forgot that only the little people pay taxes. Carry On.

    Wolverines and Badgers and Buckeyes - Oh My! Be Afraid Kochroaches. Be very afraid.

    by mrsgoo on Tue May 10, 2011 at 08:33:42 PM PDT

    [ Parent ]

    •  I think that's different (1+ / 0-)
      Recommended by:
      husl piper 11

      political donations aren't tax deductible. But GIFTS, and gifts to corporations are still gifts, are tax free to the recipient. Don't know how it works for the donor - but they're certainly not excluded from regular income taxes.

      I think this is the amount OVER the 13k/yr or 5 mil lifetime limit.

      Which makes sense.

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