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JosephTheLibertarian
10-02-2007, 06:31 PM
What if some rich guy gave Ron Paul $100,000,000 then Ron Paul donates it to his campaign? lol
Jordan
10-02-2007, 06:32 PM
Ron Paul would have to pay taxes on $99,990,000 of it.
LibertyOfOne
10-02-2007, 06:33 PM
ROFL I wonder how the laws would work in that case. The media would put a huge negative spin on it if it was legal.
JosephTheLibertarian
10-02-2007, 06:33 PM
Ron Paul would have to pay taxes on $99,990,000 of it.

you pay taxes on gifts?
maiki
10-02-2007, 06:34 PM
over 10,000$ yes.

ETA: per year. just to be clear. not per gift or per person. ;)
Givemelibertyor.....
10-02-2007, 06:34 PM
Maybe it could be 2300 on the books and the rest could be "soft".
JosephTheLibertarian
10-02-2007, 06:35 PM
over 10,000$ yes.

ETA: per year. just to be clear. not per gift or per person. ;)

how about $10,000 a day..everyday lol

and everyday.. Ron Paul adds $10,000 to his campaign + whatever else he's getting from donors
OptionsTrader
10-02-2007, 06:35 PM
http://www.fec.gov/info/PartyGuide/Chapter2.htm
K1RBY
10-02-2007, 06:36 PM
i believe someone could LOAN him $$$ at an extremely low rate..and you cannot be taxed on borrowed money.
Jordan
10-02-2007, 06:40 PM
i believe someone could LOAN him $$$ at an extremely low rate..and you cannot be taxed on borrowed money.

But if it is ever forgiven, it can be taxed. Granted, if loaned at 1%, the campaign could make 4% per year on it and spend that.