Rshermr
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No, but it does show that you used an early version of the graph. JUNE 2012, prior to most activity. Interesting that you did not take a later version, which would have shown more about what actually happened. So, you are fine then with contributions to political activities being anonymous as long as they come from non profits. Great.Which probably leaves the impression that you didn't even read your own source. Is that a safe bet?
And contributions to SuperPac's can come from any source, and be unreported, and that is fine with you?? As long is it is legal according to the tax code??
How to Create a Super PAC with Tax Exempt Status
Contact a Delaware corporate lawyer.
Have him setup a shell corporation in your name.
Meet with your board of directors, which is just you.
Elect yourself as president, secretary, and treasurer.
Authorize your corporation to file documents with the IRS as a (c)(4) corporation operating as a "General Welfare Organization."...but don't file until May 2013.
Not filing until May will allow you to get money for your super PAC and nobody will no about until after the election.
What I have just outlined is what Stephen Colbert did on his show with Trevor Potter, the former Chairman of the Federal Election Commission. He is currently the president of the Campaign Legal Center, a non-partisan group committed to representing the public interest in enforcement of campaign and media law.
What are PACs and Super PACs and Their Connection to the IRS?
Then there is this type of thing, which allows PAC's to establish corporations to give money to SuperPacs. But information available on the spanking new corporation provides little information. And it is becoming rather common.
So, nice. A shadow corporation that discloses it's contribution to a huge superpac. But no one knows a thing about the corporation. And that corporation may be gone next week. And that passes the legal test. So, it must be ok.A shadowy Tennessee company donated more than $5 million to a prominent conservative super political action committee days after establishing itself.
So who’s behind one of the largest batches of election contributions this year? There’s a questionable trail.
Campaign finance reports filed late Thursday show that the political committee, FreedomWorks for America, received seven donations totaling $5.28 million from Knoxville-based Specialty Group Inc. The money, which accounted for about 90 percent of FreedomWorks for America’s donations during the first 15 days of October, is helping pay for TV ads supporting conservative candidates for federal office.
An Associated Press review of Tennessee business records showed that Specialty Group filed its incorporation papers on Sept. 26, less than a week before it gave several contributions to FreedomWorks worth between $125,000 and $1.5 million apiece. The Specialty Group appears to have no website detailing its products or services. It is registered to a suburban Knoxville home.
Specialty Group’s opaque contributions provide another example of the marked changes to the campaign finance system, in which corporations and individuals can spend unlimited sums of money to support candidate. Major donors, including those to a super PAC benefiting Republican presidential candidate Mitt Romney, have been caught routing significant donations through corporate entities, effectively cloaking their identities.
Mystery firm formed days before $5M campaign gift - Boston.com
So, yes indeed. Since Citizens United things have been going really well for the average citizen. The big spenders have taken over politics in a big way. Unless, of course, you believe they are making contributions just to make contributions, with no thought of financial gain.
A Center for Responsive Politics study found that in 2010 the percentage of “spending coming from groups that did not disclose their donors rose from 1 percent to 47 percent since the 2006 midterm elections,” and “501(c) non-profit spending increased from 0 percent of total spending by outside groups in 2006 to 42 percent in 2010.” The same report found that 72 percent “of political advertising spending by outside groups in 2010 came from sources that were prohibited from spending money in 2006.”
The Supreme Court?s Citizens United decision has led to an explosion of campaign spending. - Slate MagazineWith House and Senate seats also in play, and control of each chamber potentially up for grabs, we are likely to easily eclipse the total $301 million spent by outside groups in the entire 2008 election. How do I know? In 2010, a midterm congressional election year—when you would expect to see a dip in spending compared to a presidential year—total outside spending hit a record $304.6 million. It was an incredible number for a midterm election season.
Why did that happen? Citizens United was decided early in 2010.