Monday, May 25, 2015

Republicans Ask IRS to Review Tax Status

Turn about should be fair play: Hillary Clinton Should Head IRS, Skilled With Charities, Transparency, Emails!
House Republicans formally asked the IRS to review whether the Clinton Foundation is complying with the rules governing its tax-exempt status. The letter was signed by Marsha Blackburn and 51 other House Republicans, and comes on the heels of a flurry of reports and speculation about the Foundation’s international fundraising. Blackburn asked the IRS to respond within 30 days.

But is the IRS going to take any action? It hardly seems likely. Besides, an IRS spokesman has already said that the IRS does not comment on individual tax cases. More broadly, there is no reason to believe that the IRS will probe much of anything. Lois Lerner ran the tax exempt organizations wing of the IRS, but she evidently focused on what she thought were bad conservative causes. The Clinton Foundation is a charity, but seems inextricably entwined with politics, State Department business personal emails, and speech-making. . .
The current standard for whether an organization can claim 501(c)(3) tax status, where donations may be deducted, is that the organization spend less than 50% of the money it takes in on political goals.

With the exception of the 10% of funds that the Clinton Foundation actually spends on charitable purposes, the rest of the funds seem to be devoted to maintaining an active staff of devotees and henchmen like Sid Blumenthal, to help Hillary stay active in the political arena after her husband's terms in office (as well as to provide some lifestyle support for the Clinton's, with airfare and parties workshops). This is clearly a violation of the tax status of the Clinton foundation.

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