Posted: 05/24/13 23:09
by Dave Mindeman
I got my latest Taxpayer's League e-mail. Of course, they trashed the just ended legislative session. However, I guess this must be a social welfare benefit for Minnesota, because the Taxpayer's League is classified as one of those IRS targets - the 501(c)4.
But here is something I did not know - the following came with contribution request (pay attention to the last line) ....
P.S Don't forget that as a 501(c)4 Non-Profit, the Taxpayer's League is able to accept corporate donations and we are not obligated to file disclosure statements about our donors. You can make a tax-deductible (approx. 90%) corporate contribution to the Taxpayer's League of Minnesota through your business using the link below!
To classify the Taxpayer's League as a "non-political" entity is a tough carrot to swallow, but they have maintained this status for years.
The idea that a corporation can give them a huge sum of money....and never have to have their identity disclosed, AND IN ADDITION, they get to deduct that same contribution from their tax liability.
That, ladies and gentleman, is a tax provision with balls.