General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsHow many DUers use the $3 Presidential Election check mark on IRS taxes?
The Presidential Election Campaign fund is often forgotten on tax returns. It doesn't increase your tax OR reduce your refund.
Marta and I do it every year.
OS
The presidential election campaign fund checkoff appears on US income tax return forms as the question Do you want $3 of your federal tax to go to the Presidential Election Campaign Fund? ... Both the Republican and Democratic nominees in the general election receive a fixed amount of checkoff dollars.
15 votes, 0 passes | Time left: Unlimited | |
I (we) do it every year | |
9 (60%) |
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I (we) skip it every year | |
5 (33%) |
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Don't know anything about it | |
0 (0%) |
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I do it when I remember it | |
1 (7%) |
|
other (feel free to explain) | |
0 (0%) |
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0 DU members did not wish to select any of the options provided. | |
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Disclaimer: This is an Internet poll |
samnsara
(17,634 posts)Fluke a Snooker
(404 posts)How many DU's want to donate $1.50 to the Republican White Supremacist Nazi's?
...Thought so. Better to leave it unchecked and donate to the progressive...ALWAYS!
Yupster
(14,308 posts)of elections too.
LanternWaste
(37,748 posts)It's fun to pretend that one is the moral equivalent of the other... but it really does little more than illustrate a thought process which denies both nuance and greater context, regardless of what you may inaccurately have "thought so."
NCTraveler
(30,481 posts)fescuerescue
(4,448 posts)Statistically, the audit levels of those who don't check are slightly higher than those who do.
At least thats what my tax guy told me about 10 years back.
It may be BS, or no longer true. But it doesn't cost me anything to check the box, and it's not worth the time to throughly investigate.
LAS14
(13,783 posts)Omaha Steve
(99,703 posts)It has no effect on your tax or refund. It does come from taxes.
OS
LAS14
(13,783 posts)former9thward
(32,068 posts)The presidential nominees do not receive the money. John McCain in 2008 was the last nominee to accept the money. Obama rejected it because it would have placed limits on the amount of money he could raise. In 2012 both Obama and Romney rejected the money for the same reason. In 2016 both Clinton and Trump rejected the money. No major party candidate in the future will ever accept the money. No one wants to be limited in the money they can raise.
So now the money just goes to fund third party candidates who qualify and to finance the major party conventions. If that is what you want to contribute to, more power to you.
Omaha Steve
(99,703 posts)IF so third party candidates aren't getting it.
former9thward
(32,068 posts)None of them got 5%.
Libertarian Gary Johnson, Jill Stein of the Green Party, and Republican/Reform Party/Americans Elect candidate Buddy Roemer received money.
I don't know who got money in 2016. Article on this by Think Progress: https://thinkprogress.org/the-288-million-in-campaign-funds-that-candidates-arent-using-fa62673bbcdc/
Omaha Steve
(99,703 posts)Thanks for the link.
OS