New Hampshire Underground

Please login or register.

Login with username, password and session length
Advanced search  

News:

Please log in on the special "login" page, not on any of these normal pages. Thank you, The Procrastinating Management

"Let them march all they want, as long as they pay their taxes."  --Alexander Haig

Pages: 1 ... 6 7 8 9 10 [11] 12 13   Go Down

Author Topic: IRS Rejects 501c3 Status!  (Read 23879 times)

FSPinNY

  • Guest
Re: IRS Rejects 501c3 Status!
« Reply #150 on: October 28, 2005, 08:28 PM NHFT »

Seamas,

I agree, I use every legal tax break I can get.  In 2004, considering all of the taxes that I am forced to pay here in NY, I turned over 49.7% of my income.  Makes me sick to even have to write that :P  NH in 2006 or bust.  ;D

Tax deductaible orgs definitely have a huge advantage when attracting dollars, but in the case of the LSF, I think it's a good choice for now.  And, maybe it will become a pioneer in this area.

Brian
Logged

Russell Kanning

  • Administrator
  • Enemy of the State
  • *****
  • Karma: 2483
  • Posts: 22767
  • The Nonviolent Revolution starts here
    • russellkanning.com blog
Re: IRS Rejects 501c3 Status!
« Reply #151 on: October 28, 2005, 08:30 PM NHFT »

The lsf has low expense ratios. :)
Logged

tracysaboe

  • Call me Ytsvu.
  • Enemy of the State
  • ******
  • Karma: 128
  • Posts: 3336
  • Christian Anarchist
    • My Page
Re: IRS Rejects 501c3 Status!
« Reply #152 on: October 28, 2005, 10:23 PM NHFT »

I know that the decision has been made and it is in no way my intention to try and reopen this divisive issue.  I've withheld comment both because I saw how things were going and because I went over all this with respect to the FSP (not) getting 501c3 status.  Still, I'd like to respond to the sentiment expressed below in the hopes of explaining a few things.

I think a few people need to step out of their own shoes and think in terms of someone who is a potential large donor.  I'm fortunate and able enough to make a pretty high income.  This is a relatively new thing for me and something that will most likely come to an end when I move to NH.  Along with this income comes the fact that I have about 1/3rd of my marginal income taken from me via Federal income taxes.  I actually pay more in Federal tax than I _made_ any year of my life more than 5 years ago (and I'm no spring chicken).  Please contemplate that as if it were your situation and how you would feel about it.  Back to 501c3 - if a charity does not have 501c3 status I am giving $150 for every $100 that the charity gets and the other $50 goes to a government that I would rather starve than feed.  There are a number of freedom oriented charities that have managed to deal with getting 501c3 status including ones focused on 2nd amendment rights and eminent domain abuse. I'm very interested in these issues and will mostly donate to these charities.  To characterize my making a smart decision that furthers both my freedom and that of others as not being serious about freedom is nonsense.

To further explain this; back when the FSP was debating this issue I set up a charitable fund.  This allows me to donate money (and get the tax deduction) now, while I'm making it, and designate recipients later (as well as investing it so that it grows).  It?s a great option for someone who has a few windfall years and wants to use them to bank their lifetime charity.  Nevertheless, such a fund can only give money to 501c3 charities and that money simply cannot go to one without this status. 

Finally, as one might suspect, I have no respect for the ?you?re dealing with The Man and therefore not serious? argument.  What I have a lot more respect for is the LSF not wanting to deal with potentially invasive reporting requirements.  For what it is worth, the IRS can usually be backed down with a hardcore attitude and willingness to fight (their letter was preposterous) but the LSF has limited resources and there would be (potentially large) up front costs.  Toss into this mix how this issue is so divisive for the membership and I completely understand the lack of interest in such a fight. 

Finally, I think abandoning such a worthwhile charity as the LSP over this issue would be silly and self-defeating but I?ll just be another guy throwing the odd $10 into the jar and not giving the amount that I?d like to donate.
My feeling is that if people put tax deductions ahead of freedom, then they are not serious about freedom.

Thank you
Logged

Michael Fisher

  • Anarchocapitalist
  • Moderator
  • Enemy of the State
  • *****
  • Karma: 126
  • Posts: 4185
  • Act decisively. Without reserve!
    • Liberty Scholarship Fund
Re: IRS Rejects 501c3 Status!
« Reply #153 on: October 30, 2005, 04:44 PM NHFT »

Be warned:? look at who's on the Board of the national charity before you donate.? ?:o
Henry Kissinger?   :o

Laura Bush?!  :o
Logged

Pat McCotter

  • Enemy of the State
  • ******
  • Karma: 1281
  • Posts: 4825
  • Plus ça change, plus c'est la même chose
Re: IRS Rejects 501c3 Status!
« Reply #154 on: October 30, 2005, 07:46 PM NHFT »

A name collecting organization.
Logged

Kat Kanning

  • Administrator
  • Enemy of the State
  • *****
  • Karma: 3789
  • Posts: 20704
Re: IRS Rejects 501c3 Status!
« Reply #155 on: October 30, 2005, 08:29 PM NHFT »

From the Voluntaryist webpage (http://www.voluntaryist.com/):

WE ARE NOT TAX EXEMPT
Your gifts to our work are not tax-deductible. Our efforts are bound by conscience and goodwill, not government regulation or political privilege. We refuse to be numbered or supervised by any government agency.

Maybe we should add a similar statement.
Logged

Michael Fisher

  • Anarchocapitalist
  • Moderator
  • Enemy of the State
  • *****
  • Karma: 126
  • Posts: 4185
  • Act decisively. Without reserve!
    • Liberty Scholarship Fund
Re: IRS Rejects 501c3 Status!
« Reply #156 on: October 31, 2005, 05:57 PM NHFT »

 :o
Logged

KBCraig

  • Childish in charge
  • Global Moderator
  • Enemy of the State
  • *****
  • Karma: 2264
  • Posts: 13054
  • Spazzing for Freedom
Re: IRS Rejects 501c3 Status!
« Reply #157 on: November 01, 2005, 03:32 AM NHFT »

From the Voluntaryist webpage (http://www.voluntaryist.com/):

WE ARE NOT TAX EXEMPT
Your gifts to our work are not tax-deductible. Our efforts are bound by conscience and goodwill, not government regulation or political privilege. We refuse to be numbered or supervised by any government agency.

Maybe we should add a similar statement.

The late, great, Dr. Gene Scott, famous goofball/kook/genius (depending on your view), never allowed his church to have tax-free status. He railed against other evangelists dabbling in the polite fiction of "love offerings" in exchange for books and tapes. He said that if you wanted it, you could buy it, and pay sales tax, and the church sales arm would pay any income tax that resulted.

The reason was simple: he refused to allow his message to ever be tainted by conforming to government standards about what could or couldn't be said from the pulpit without endangering tax status.

Of course, I don't think the IRS is worried about pyramids, fine art, Playboy bunnies, and Merle Haggard singing for Sunday service.  ;D
Logged

Lloyd Danforth

  • Global Moderator
  • Enemy of the State
  • *****
  • Karma: 1584
  • Posts: 15258
Re: IRS Rejects 501c3 Status!
« Reply #158 on: November 01, 2005, 08:13 AM NHFT »

That guy is dead?  He's looked a little rough on TV lately! Must be video!
Logged

KBCraig

  • Childish in charge
  • Global Moderator
  • Enemy of the State
  • *****
  • Karma: 2264
  • Posts: 13054
  • Spazzing for Freedom
Re: IRS Rejects 501c3 Status!
« Reply #159 on: November 01, 2005, 01:01 PM NHFT »

Yeah, he died last year. There's never been any mention of it on his web sites, that I could see.

I don't spend much time listening to SW these days, so I haven't paid any attention to his program. We've never gotten via TV.
Logged

Michael Fisher

  • Anarchocapitalist
  • Moderator
  • Enemy of the State
  • *****
  • Karma: 126
  • Posts: 4185
  • Act decisively. Without reserve!
    • Liberty Scholarship Fund
Re: IRS Rejects 501c3 Status!
« Reply #160 on: November 01, 2005, 04:52 PM NHFT »

From the Voluntaryist webpage (http://www.voluntaryist.com/):

WE ARE NOT TAX EXEMPT
Your gifts to our work are not tax-deductible. Our efforts are bound by conscience and goodwill, not government regulation or political privilege. We refuse to be numbered or supervised by any government agency.

Maybe we should add a similar statement.

 :o

Absolutely!!!

I think we should redesign the LSF website to be actually usable by anyone.

We should turn it into a Wiki!  ;)
Logged

Seamas

  • Independent Thinker
  • *
  • Karma: 3
  • Posts: 77
Re: IRS Rejects 501c3 Status!
« Reply #161 on: November 03, 2005, 12:00 AM NHFT »

Not to be overly pedantic, but I did explain how the fund that I've set up can only give money to 501c3 charities. Here is a site that explains it in detail: http://www.vanguardcharitable.org/policies_broc.asp under Policies and Procedures.  I am my own tax advisor and have a pretty good understanding of such issues.

The idea of starting my own 501c3 charity and dealing with the IRS on my own terms has already occurred to me.  Unfortunately, I suspect that sending money to one's own 501c3 raises a big red flag and one that is a legitimate concern.

I have sympathy for your "opting out of the system" idea in terms of not paying taxes but I?d prefer to fight and beat the IRS rather than hide from them.  Chacun ? son go?t.

Nevertheless, such a fund can only give money to 501c3 charities and that money simply cannot go to one without this status.

Finally, as one might suspect, I have no respect for the ?you?re dealing with The Man and therefore not serious? argument.
You might be surprised that the IRS does not force you to make "charitable contributions" to only 501c3. Ask your tax advisor. If he says no, then ask a different tax advisor. :)
You could also start a 501c3 charity or just give to one of those.

Maybe you should step out of your own shoes and just stop paying taxes. Are you ready for looking at life a different way? It is very freeing to no longer play their games and start crippling the beast. :)
Logged

cathleeninnh

  • Guest
Re: IRS Rejects 501c3 Status!
« Reply #162 on: November 03, 2005, 08:42 AM NHFT »


I have sympathy for your "opting out of the system" idea in terms of not paying taxes but I?d prefer to fight and beat the IRS rather than hide from them.? Chacun ? son go?t.


That's a hoot. Believing you can beat the IRS by using the IRS code. The best you can do is better than the poor guy who doesn't try. As long as the government needs more money, the code will continually be adjusted to prevent you from winning.

Cathleen
Logged

Russell Kanning

  • Administrator
  • Enemy of the State
  • *****
  • Karma: 2483
  • Posts: 22767
  • The Nonviolent Revolution starts here
    • russellkanning.com blog
Re: IRS Rejects 501c3 Status!
« Reply #163 on: November 03, 2005, 10:34 AM NHFT »

If you play by their rules, you will still have to pay something. :(
I would think that you could donate to your  "own 501c3" ..... think Ford Foundation. :)
Logged

Michael Fisher

  • Anarchocapitalist
  • Moderator
  • Enemy of the State
  • *****
  • Karma: 126
  • Posts: 4185
  • Act decisively. Without reserve!
    • Liberty Scholarship Fund
Re: IRS Rejects 501c3 Status!
« Reply #164 on: November 03, 2005, 02:17 PM NHFT »


I have sympathy for your "opting out of the system" idea in terms of not paying taxes but I?d prefer to fight and beat the IRS rather than hide from them.? Chacun ? son go?t.


That's a hoot. Believing you can beat the IRS by using the IRS code. The best you can do is better than the poor guy who doesn't try. As long as the government needs more money, the code will continually be adjusted to prevent you from winning.

Cathleen

That's the reality of the situation.  You can win against the IRS through a legal technicality.  It is theoretically possible, and has happened once recently.  But in reality, you're not going to win.

The way out is not through.
Logged
Pages: 1 ... 6 7 8 9 10 [11] 12 13   Go Up