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Thu May 16, 2013, 08:15 AM

Learn what the real IRS scandal is from Lawrence O'Donnell's show last night.... [View all]

The real IRS scandal: Reinterpreting the law

Here is how the tax law was written in its latest update in 1954 on 501(c)(4) social welfare organizations. The 501(c)(4) designation was to apply only to: “Civic leagues or organizations not organized for profit but operated exclusively for the promotion of social welfare."

But a 1959 interpretation guideline written by the IRS says that: ”To be operated exclusively to promote social welfare, an organization must operate primarily to further the common good and general welfare…”


Here is a link to last night's show:
http://tv.msnbc.com/2013/05/15/the-real-irs-scandal-reinterpreting-the-law/

I sure learned plenty watching his show last night!

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Reply Learn what the real IRS scandal is from Lawrence O'Donnell's show last night.... [View all]
Little Star May 2013 OP
Buzz Clik May 2013 #1
leveymg May 2013 #3
malaise May 2013 #4
leveymg May 2013 #6
malaise May 2013 #19
boston bean May 2013 #5
magellan May 2013 #8
Buzz Clik May 2013 #7
amerciti001 May 2013 #13
RKP5637 May 2013 #2
patrice May 2013 #9
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brush May 2013 #11
Whisp May 2013 #12
BlueCaliDem May 2013 #14
KoKo May 2013 #15
Little Star May 2013 #16
Life Long Dem May 2013 #17
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jwirr May 2013 #20
Laelth May 2013 #21