We ALL need to do this for Bernie
Marta and I usually kick in. We didn't this year because we figured Obama didn't use it and Hillary wouldn't. The check off DOES NOT come out of your pocket. Read on.
Bernie qualified right after he announced. The FEC info:
http://www.fec.gov/info/checkoff.htm
Story below here:
http://money.cnn.com/2014/04/11/pf/taxes/checkoff-box/
For decades, taxpayers have had the option of checking off a box on their tax returns to earmark money for the Presidential Election Campaign Fund.
The amount you can allocate for the fund started out at $1 and was hiked to $3 in 1994. And while the option was quite popular at the start, the number of people designating money for the fund has been dropping ever since.
In 1977, nearly 29% of taxpayers had opted to contribute to the fund. By 1992, that percentage dropped to 19%. And in 2013, a mere 6% of taxpayers had checked off the box designating $3 toward presidential campaign funding.
As a result, funding received via the checkoff box has dropped from a peak of $71 million in 1994 to $39 million in 2012, the most recent year for which the annual total is available.
FULL story at link.