Results 1 to 8 of 8
  1. #1
    Senior Member WhiskyPriest's Avatar
    Join Date
    May 2010
    Posts
    1,754
    Total Rep Points
    2672
    Rep Adjustment Power
    24

    Super PAC loophole (Colbert)

    Hey Guys,

    I haven't posted that much in the past few months, but I do know there are a couple of posters on this board that know a bit about laws, taxes, and such. Stephen Colbert had a bit on his show where he exposed a loophole involving the Super PAC financials. He claims that the money raised for the Super PAC can more or less disappear, and even avoid the IRS. I found it interesting, but I am somewhat skeptical (it is comedy central after all).

    I'm just curious to see what everyone thinks about it.

    (I attempted to embed the clip, but it failed spectacularly)

    Here is the link...

    http://www.colbertnation.com/the-col...-trevor-potter

  2. #2
    Senior Member
    Join Date
    May 2010
    Location
    Metro East, St. Louis
    Posts
    8,233
    Total Rep Points
    7757
    Rep Adjustment Power
    42
    It is indeed Comedy Central, but I find that information quite easy to believe, and I think it is true. The whole point of that series has been to show how incredibly silly and lax our current campaign finanace laws are.
    http://lifetheuniverseandonebrow.blogspot.com/

    Isaiah 1:18 -- Come now, and let us reason together

    Any habitual action, such as eating or dressing, may be performed on the appropriate occasion, without any need of thought, and the same seems to be true of a painfully large proportion of our talk. -- Bertrand Russell

  3. #3
    Senior Member The Thriller's Avatar
    Join Date
    Jun 2010
    Location
    On the Booz Cruise
    Posts
    9,486
    Total Rep Points
    8812
    Rep Adjustment Power
    46
    Unfortunately, we cannot get rid of these tax loopholes because many in Congress have sworn oaths to never ever ever ever raise taxes. They consider closing tax loopholes to be a form of raising taxes.

    Sad day in American indeed...
    Lakers Suck.

  4. #4
    In Pursuit of #PKM UGLI baby's Avatar
    Join Date
    May 2010
    Location
    Posts
    31,176
    Total Rep Points
    43018
    Rep Adjustment Power
    100
    Pac12
    #lol

  5.  

     

  6. #5
    Senior Member Chris-L's Avatar
    Join Date
    Sep 2011
    Location
    yamming. hard.
    Posts
    6,086
    Total Rep Points
    13519
    Rep Adjustment Power
    57
    Quote Originally Posted by UGLI baby View Post
    Pac12
    go jazz!!!

  7. #6
    Admininstrator colton's Avatar
    Join Date
    May 2010
    Location
    Utah
    Posts
    6,233
    Total Rep Points
    10902
    Rep Adjustment Power
    100
    Quote Originally Posted by One Brow View Post
    It is indeed Comedy Central, but I find that information quite easy to believe, and I think it is true. The whole point of that series has been to show how incredibly silly and lax our current campaign finanace laws are.
    Yes, from everything I've read, Colbert's Super PAC sequence has been 100% accurate. This episode include. It's shameful, and good for Colbert for shining some light on the situation.
    "Giving to the poor is an essential part of Christian morality. I do not believe one can settle how much we ought to give. Im afraid the only safe rule is to give more than we can spare... If our charities do not at all pinch or hamper us, I should say they are too small. There ought to be things that wed like to do but cannot do because our charitable expenditure excludes them." --C.S. Lewis
    :-)

  8. #7
    Senior Member WhiskyPriest's Avatar
    Join Date
    May 2010
    Posts
    1,754
    Total Rep Points
    2672
    Rep Adjustment Power
    24
    Quote Originally Posted by The Thriller View Post
    Unfortunately, we cannot get rid of these tax loopholes because many in Congress have sworn oaths to never ever ever ever raise taxes. They consider closing tax loopholes to be a form of raising taxes.

    Sad day in American indeed...
    Quote Originally Posted by colton View Post
    Yes, from everything I've read, Colbert's Super PAC sequence has been 100% accurate. This episode include. It's shameful, and good for Colbert for shining some light on the situation.
    It's kind of sad when comedy central becomes one of, or maybe the, best source of honest criticism of governmental policies. I'm not comfortable with the enormous amount of loopholes in this Super-Pac stuff.

  9. #8
    CRIMINAL Lawyer Sirkickyass's Avatar
    Join Date
    May 2010
    Location
    Silicon Valley
    Posts
    5,166
    Total Rep Points
    5246
    Rep Adjustment Power
    34
    I called one of my law school classmates who works for Trevor Potter and he indicated that information provided was accurate. Then, just to make me feel bad, he attached a photo of the peabody he won for working on the Colber SuperPAC segments. It worked.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •