• Trouble logging in? Send us a message with your username and/or email address for help.
New posts

Walton Voter

Beach Comber
Feb 3, 2008
16
2
Walton Voter

I will correct this and call the person who built it for me. If you look at my web site it plainly says that all funds at the end of the election will be donated to the Special Operations Warrior Foundation. This is a tax deductible foundation that puts the kids of fallen heros thru college. I will try to have the web site corrected tonight.
Alan

Good, as far as donating to a charitable entity again the donation rules state that any funds left over in the campaign are to either be given to a non-profit organization or turned over to the supervisor of elections for their discretionary disbursement.

The actual tax deduction to the charitable entity goes to the candidate as a tax deduction not the people giving donations to the candidate.

I am a stickler to detail because without detail order, we have chaos, although I don't always agree with the rules I live by the rules.

It is like the old saying ?it is better to tell the truth than tell a lie, you don't have to remember what your lied about?, by following the rules the rules work for you.
 

wrobert

Beach Fanatic
Nov 21, 2007
4,132
575
63
DeFuniak Springs
www.defuniaksprings.com
Please, give us a break here.:eek: If you are disqualifying all the candidates who have broke the rules regarding signs, please forward your blank ballot to the elections bureau.:funn:And if you are going to fault the man for not understanding the tax law, then you could find fault with a roomful of nuns in a convent.:rofl: All the men/women in politics break the sign laws and nobody understand the tax code.:dunno: Move on to the issues that they can understand and possibly help us with.:clap:
Signed:
Undecided realist in SoWal.:D


I do not see how the candidate gets the tax deduction since the money is not the candidate's but the entity, the campaign. And the campaign does not file taxes. The candidate does get the goodwill for the donation, but I have known candidates that donated thousands at the end of their campaigns and to my knowledge never took a tax deduction for those donations.

Also excess funds could be returned to the contributor as long as done on an equal pro-rata basis. This is the reason most candidates loan their campaigns dollars, since those loans are the first thing that has to be repaid.
 

Andy A

Beach Fanatic
Feb 28, 2007
4,389
1,738
Blue Mountain Beach
[FONT=georgia,times, times new roman, serif] By the way, if you go to the US Government Printing Office ( www.gpo.gov ), you can order a complete set of Title 26 of the US Code of Federal Regulations (that's the part written by the IRS), all twenty volumes of it, at the bargain price of $974, shipping included.

[FONT=georgia,times, times new roman, serif]According to the US Government Printing Office, it's 13,458 pages in total. The full text of Title 26 of the United States Code (the part written by Congress--available for an additional $179) is a mere 3,387 printed pages, bringing the adjusted gross page count to 16,845. [/FONT]
[/FONT]
Sorry, SJ. My guesstimate missed the total a blit. What an amazing bit of trivia. It does show, though, how badly our tax code and tax structure needs to be revised. (Back to the original thread).
 

Walton Voter

Beach Comber
Feb 3, 2008
16
2
Walton Voter

I do not see how the candidate gets the tax deduction since the money is not the candidate's but the entity, the campaign. And the campaign does not file taxes. The candidate does get the goodwill for the donation, but I have known candidates that donated thousands at the end of their campaigns and to my knowledge never took a tax deduction for those donations.

Also excess funds could be returned to the contributor as long as done on an equal pro-rata basis. This is the reason most candidates loan their campaigns dollars, since those loans are the first thing that has to be repaid.

Wow, you learn something new every day. I often wondered why the candidate would list their own contributions as a loan rather than just a cash contribution now I know they can get their money back if they raise enough excess funds. Thank you for the information.
 
Aug 23, 2006
28
18
I'm sure that since Alan represents 170 concerned homeowners in Driftwood Estates, he has been busy putting effort towards today's special BCC Mtg regarding Driftwood. The guy knows the Code better than WalCo Planning Dept and the County Commissioners. He has been studying the Codes for the last 4 years since this crap at Driftwood began. I believe he once told me that his father is/was a District Judge, and when Alan speaks, he seems to speak with passion, yet brings nothing but evidence to the table. I think he stuns the BCC at every meeting with new information.

As I understand it, today's special BCC mtg did not end the situation there, but maybe the 45 days which the BCC gave the developer at Driftwood to comply before the County would file a lawsuit, will give Alan enough breathing room for him to share some of his thoughts. I guarantee you this, Alan has at least 170 votes from the residents in Driftwood.

AND mine,...and I don't even live in Driftwood; and if you believe the adages, "a new broom sweeps clean" or "a breath of fresh air" or "fact over fantasy", and expect fair representation from your Commissioners, then Alan Osborne deserves to get your vote too.....(Don't waste this guys talents, Driftwood needs him.. but I think Walton County needs him more).
 
Aug 23, 2006
28
18
[FONT=georgia,times, times new roman, serif] By the way, if you go to the US Government Printing Office ( www.gpo.gov ), you can order a complete set of Title 26 of the US Code of Federal Regulations (that's the part written by the IRS), all twenty volumes of it, at the bargain price of $974, shipping included.

[FONT=georgia,times, times new roman, serif]According to the US Government Printing Office, it's 13,458 pages in total. The full text of Title 26 of the United States Code (the part written by Congress--available for an additional $179) is a mere 3,387 printed pages, bringing the adjusted gross page count to 16,845. [/FONT]
[/FONT]

That alone says we are more than ready for the "FairTax" that Neal Boortz and Congressman John Linder (R-GA) have been proposing. [www.fairtax.org]
 
New posts


Sign Up for SoWal Newsletter