Posted 10 years ago on May 20, 2013, 7:23 a.m. EST by bensdad
This content is user submitted and not an official statement
IRS Code 501(c)(4) provides for exemption of:
Civic leagues or organizations not organized for profit
operated exclusively for the promotion of social welfare.
local associations of employees, the membership of which is limited to the employees of a designated person or persons in a particular municipality and the net earnings of which are devoted exclusively to charitable, educational, or recreational purposes.
Around 1950, the IRS changed the law.
Which was a completely illegal act.
Under the LAW, if a 501(c)(4) raises $10,000,000 anonymously, “exclusively” allows the 501(c)(4) to spend NOTHING on politics!
Under the MANUAL, if a 501(c)(4) raises $10,000,000 anonymously, “primarily” allows the 501(c)(4) to spend $4,999,999 on politics!
WHICH IS AGAINST THE LAW!