How a Network of Nonprofits Enriches Fundraisers While Spending Almost Nothing on Its Stated Causes
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ProPublica identified a group of connected #political nonprofits — with names like American Breast #Cancer Coalition and National Coalition for Disabled #Veterans — that appear to be funneling more than 90% of donations to fundraisers.

#News #Politics #Nonprofit #Law #IRS #FTC

https://www.propublica.org/article/political-nonprofits-fundraising-ftc-irs-527s-pacs

These Political Nonprofits Spend 90% of Donations on Fundraising

ProPublica identified a group of connected political nonprofits — with names like American Breast Cancer Coalition and National Coalition for Disabled Veterans — that appear to be funneling more than 90% of donations to fundraisers.

^ProPublica

The #IRS plans to end a major tax loophole for wealthy taxpayers that could raise more than $50 billion in revenue over the next decade, the U.S. Treasury Department says.

The guidance and ruling being announced Monday includes plans to essentially stop “partnership basis shifting" — a process by which a business or person can move assets among a series of related parties to avoid paying taxes.
https://abcnews.go.com/US/wireStory/irs-end-major-tax-loophole-wealthy-raise-50-111180062

The IRS wants to end another major tax loophole for the wealthy

The Internal Revenue Service plans to end another major tax loophole that could raise more than $50 billion in revenue over the next decade

^{JOSH BOAK Associated Press (ABC News)}

Let the criming continue!

"He ripped off the tax system": IRS audit could cost Trump more than $100 million
https://www.salon.com/2024/06/10/he-ripped-off-the-system-irs-audit-could-cost-more-than-100-million_partner/

#DonaldTrump #IRS #GrifterTrump #FelonTrump #TrumpIsACriminal

"He ripped off the tax system": IRS audit could cost Trump more than $100 million

IRS probe concluded that Trump effectively claimed the same massive write-off twice on failed Chicago tower.

^Salon.com