Forum Post: Answer to your tax question
Posted 12 years ago on Oct. 19, 2011, 4:31 p.m. EST by NotOccupying
(94)
This content is user submitted and not an official statement
Occupy Wall Street officially became a project of the Washington, D.C.-based Alliance for Global Justice on Sept. 28, 11 days after protesters began camping out at the park. The status allows the alliance to process donations on the movement's behalf, and makes it responsible for tax reporting. http://www.myfoxny.com/dpp/news/occupy-wall-street-money-donations-winter-20111018-apx
wonder who will walk off with all those electronics paid for with donated funds in the end?
How Ironic:
The alliance takes 7 percent of each credit card donation. That gets split between the credit card companies' fees and the salary of the alliance's accountant, Kaufman said.
The things you find out if you do your research.
Oh and you all have $435,000 not $300,000 as you all seem to think
Gross or net?
Not sure.
since that exceeds the NCUA insurance limit, I wonder if they just have invested it in say.. mutual funds? LOL Surely they are getting a good return on it.