inibo
08-06-2007, 06:07 PM
I don't about any one else, but I think this is HUGE. Burt Blumert, the publisher of LewRockwell.com, after discussions with a lawyer who advised him that the appearance of supporting Ron Paul while criticizing other candidates could conceivably threaten LRC's tax-exempt status, has announced that rather than shut up they will give up the their tax exempt status. :eek:
There was a certain surrealism in dealing with this tax attorney; profit vs. non-profit; tax-exempt vs. non-tax-exempt. These are state-created categories, and libertarians should never have to deal with such distinctions. Some libertarian purists refuse to use a state driver’s license. Others, on the fringe, don't want to travel a government built roadway. (And after Minneapolis, who can blame them?)
Still, Lew has sufficient challenge six days a week, every week of the year, without some bureaucrat peering over his shoulder determining whether an LRC article falls under regulation A (politically acceptable) or B (politically unacceptable).
So, on June 30, 2007, LRC seceded (an appropriate word for us!) from the Center for Libertarian Studies, which will carry on its scholarly work. LRC, now to become a 501(c)4, will continue as a popular educational endeavor, operating on a not-for-profit basis, but not tax-deductible.
That is, donations to LRC as of July 1, 2007 (Lew’s 63rd birthday), are NOT tax-deductible.
Our "Ron Paul Problem" has a price tag. It’s going to cost us at least $15K to set-up our new non-profit entity. In addition, since we started suffering with the lawyers, and stopped fundraising given the uncertainty, we have consumed about $30K of our reserves. Then we need about $25,000 to keep going for the rest of the year, and I’d like to restore our reserve so we are not perpetually on the knife-edge. So that is $70,000 in total.
Will you help? You have never failed us. And now LRC needs you more than ever (http://www.lewrockwell.com/donate-t.html).
I have had a great deal of respect for Lew and LRC since I stumbled up him and his tall-cold-glass-of-water-on-a-hot-day web site back in 2001. My estimation of him and all the folks at LRC just reached stratospheric levels.
http://www.lewrockwell.com/blumert/blumert122.html
There was a certain surrealism in dealing with this tax attorney; profit vs. non-profit; tax-exempt vs. non-tax-exempt. These are state-created categories, and libertarians should never have to deal with such distinctions. Some libertarian purists refuse to use a state driver’s license. Others, on the fringe, don't want to travel a government built roadway. (And after Minneapolis, who can blame them?)
Still, Lew has sufficient challenge six days a week, every week of the year, without some bureaucrat peering over his shoulder determining whether an LRC article falls under regulation A (politically acceptable) or B (politically unacceptable).
So, on June 30, 2007, LRC seceded (an appropriate word for us!) from the Center for Libertarian Studies, which will carry on its scholarly work. LRC, now to become a 501(c)4, will continue as a popular educational endeavor, operating on a not-for-profit basis, but not tax-deductible.
That is, donations to LRC as of July 1, 2007 (Lew’s 63rd birthday), are NOT tax-deductible.
Our "Ron Paul Problem" has a price tag. It’s going to cost us at least $15K to set-up our new non-profit entity. In addition, since we started suffering with the lawyers, and stopped fundraising given the uncertainty, we have consumed about $30K of our reserves. Then we need about $25,000 to keep going for the rest of the year, and I’d like to restore our reserve so we are not perpetually on the knife-edge. So that is $70,000 in total.
Will you help? You have never failed us. And now LRC needs you more than ever (http://www.lewrockwell.com/donate-t.html).
I have had a great deal of respect for Lew and LRC since I stumbled up him and his tall-cold-glass-of-water-on-a-hot-day web site back in 2001. My estimation of him and all the folks at LRC just reached stratospheric levels.
http://www.lewrockwell.com/blumert/blumert122.html