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July 12, 2008

From $41 mil to zero [Alice H]

Did you know that the AFL-CIO spends no money on political expenditures?

I'm not an accountant, I'm just a lowly geek, so maybe someone can explain to me how this is possible:

According to their annual LM-2 financial disclosure form filed with the Department of Labor, the AFL-CIO spent $41,620,583 on political activities in 2006.

However, on the AFL-CIO’s Form-990 for July 1, 2005 – June 30, 2006, they report spending zero dollars ($0.00) on direct or indirect political expenditures.

I guess Labor2006 never happened, and not one red cent went to a political candidate in 2006.

(h/t Mount Virtus)

Update [Gabe]: Check the comments for my quickie examination. The even shorter version: much ado about nothing. The Labor report requires the AFL-CIO to include its political expenditures; the IRS does not. Segregated political funds can file their taxes separately.

posted by xgenghisx at 10:55 AM

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I guess Labor2006 never happened, and not one red cent went to a political candidate in 2006. (h/t Mount Virtus) Update [Gabe]: Check the comments for my quickie examination. The even shorter version: much ado about nothing. The Labor report requires the AFL-CIO to include its political expenditures; the IRS does not. Segregated political funds can file their taxes separately. posted by xgenghisx at 10:55 AM \| Access Comments <script language="javascript" src="http://adserver.adtechus.com/addyn/3.0/5235/1131537/0/170/ADTECH;loc=700;cookie=info;target=_blank;key=key1+key2+key3+key4;grp=[group]"></script><noscript><a href="http://adserver.adtechus.com/adlink/3.0/5235/1131537/0/170/ADTECH;loc=300;key=key1+key2+key3+key4;grp=[group]" target="_blank"><img src="http://adserver.adtechus.com/adserv/3.0/5235/1131537/0/170/ADTECH;loc=300;key=key1+key2+key3+key4;grp=[group]" border="0" width="300" height="250"></a></noscript>	Recent Comments Our Country is Screwed: "78 Who has a good meatloaf recipe? 1 lb ground ..." DaveA[/b][/i]: "[i] Google has been declared a monopoly already[/i ..." ...: "How are we doing in the bellwethers? Just kidding. ..." megthered: "Just tried this and it worked for me. Told me wher ..." Eromero: "Excluding Carter as he appears to be in end stage ..." 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