Marvel at the beauty of Michael Moore's 10,000 sq ft summer mansion!

TXgolfer said:
Of course not, which I covered many pages ago.
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ah! there we go.

in short - they do not and cannot make profit the same way that for-profit business does.
 
Jiro said:
ah! there we go.

in short - they do not and cannot make profit the same way that for-profit business does.
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But they do make profits and can make some of those profits in the exact same way.

At issue was whether or not a non-profit has to "zero out" at the end of the year and clearly they do not.
 
TXgolfer said:
But they do make profits and can make some of those profits in the exact same way.
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but.... they would lose their non-profit status if they do exactly same way :confused:

TXgolfer said:
At issue was whether or not a non-profit has to "zero out" at the end of the year and clearly they do not.
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that's your issue with other ADer, not me.
 
Lots of non-profits seem to spend 50% of revenue on fund raising. I cannot count the number of offers for free items I get in the mail, if I will contribute a minimal amount. How much goes to the actual cause?
 
Jiro said:
but.... they would lose their non-profit status if they do exactly same way :confused:
.
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Not necessarily

Unrelated Business Income Defined

For most organizations, an activity is an unrelated business (and subject to unrelated business income tax) if it meets three requirements:

It is a trade or business,
It is regularly carried on, and
It is not substantially related to furthering the exempt purpose of the organization.

There are, however, a number of modifications, exclusions, and exceptions to the general definition of unrelated business income.
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Unrelated Business Income Defined

Unrelated Business Income Tax Exceptions and Exclusions

The Internal Revenue Code contains a number of modifications, exclusions, and exceptions to unrelated business income. For example, dividends, interest, certain other investment income, royalties, certain rental income, certain income from research activities, and gains or losses from the disposition of property are excluded when computing unrelated business income. In addition, the following activities are specifically excluded from the definition of unrelated trade or business:

Volunteer Labor: Any trade or business is excluded in which substantially all the work is performed for the organization without compensation. Some fundraising activities, such as volunteer operated bake sales, may meet this exception.

Convenience of Members: Any trade or business is excluded that is carried on by an organization described in section 501(c)(3) or by a governmental college or university primarily for the convenience of its members, students, patients, officers, or employees. A typical example of this is a school cafeteria.

Selling Donated Merchandise: Any trade or business is excluded that consists of selling merchandise, substantially all of which the organization received as gifts or contributions. Many thrift shop operations of exempt organizations would meet this exception.

Bingo: Certain bingo games are not unrelated trade or business.
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Unrelated Business Income Tax Exceptions and Exclusions
 
Once again, the conservatives have turned an inherently ridiculous thread into a rhetorical bastard child of Karl Rove and Frank Lutz.

The REAL issue here is that DaveM made/implied a fallacious claim that MM used the money from his foundation to build his luxury home and that MM somehow generates personal income from his foundation. Unless MM is a criminal or knows some pretty nifty tax loopholes, WE ALL KNOW THAT ISN'T TRUE.

This whole argument that nonprofits make profits is a laughable semantic dance of strawmen. Nobody ever said nonprofits don't make money or raise funds, but there is a reason it's called a "nonprofit." Let's just quit kidding ourselves here.
 
TheWriteAlex said:
Once again, the conservatives have turned an inherently ridiculous thread into a rhetorical bastard child of Karl Rove and Frank Lutz.

The REAL issue here is that DaveM made/implied a fallacious claim that MM used the money from his foundation to build his luxury home and that MM somehow generates personal income from his foundation. Unless MM is a criminal or knows some pretty nifty tax loopholes, WE ALL KNOW THAT ISN'T TRUE.

This whole argument that nonprofits make profits is a laughable semantic dance of strawmen. Nobody ever said nonprofits don't make money or raise funds, but there is a reason it's called a "nonprofit." Let's just quit kidding ourselves here.
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Ok, but is Michael Moore a "1 percenter"?
 
If we can define a minimum it takes to be a 1%, then we can get somewhere with the argument.

Personally, I'd say Moore used to be the 99% until he made cash on his docs and books. That's how he made it into the 1%.

So he's not actually someone who grew up in the 1%, he's someone from the 99% who made it into the 1% from his business venues.
 
Jiro said:
from your link -


and that alone basically proved my point as well as debunked DaveM's and pundit's claims that Michael Moore used money from his foundation for his personal gain such as buying this enormous mansion.
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As you said earlier....that is your issue with another ADer.
 
naisho said:
If we can define a minimum it takes to be a 1%, then we can get somewhere with the argument.

Personally, I'd say Moore used to be the 99% until he made cash on his docs and books. That's how he made it into the 1%.

So he's not actually someone who grew up in the 1%, he's someone from the 99% who made it into the 1% from his business venues.
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Just like many, many others who are now the "1%."
 
jillio said:
In a recent interview with a group of journalists, President Barack Obama revealed his secret weapon for winning the election in 2012.

“I don’t think it requires us to go negative in the sense of us running a bunch of ads that are false or character assassinations,” he said. “We may just run clips of the Republican debates verbatim. We won’t even comment on them; we’ll just run those in a loop.”


Read more: Republican 2012 candidates debate and Barack Obama just smiles - Roger Simon - POLITICO.com
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I like that! I am tired of all the mudslingings. I like his strategy of letting the Republicans shoot themselves in their foot.
 
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Buffalo said:
I like that! I am tired of all the mudslingings. I like his strategy of letting the Republicians shoot themselves in their foot.
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I'm glad to see that I'm not the only one who's tired ot that. :P
 
Buffalo said:
I like that! I am tired of all the mudslingings. I like his strategy of letting the Republicans shoot themselves in their foot.
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Kind of like what Obama did himself for the past three years, huh?
 
Michael Moore who made a fallacious movie full of misinformation!

His famous money quote: "The love refers to how the wealthy love their money except this has a new twist. They not only love their money now, they love our money."

Michael Moore's new movie 'Capitalism: A Propaganda Story' - Dallas Libertarian | Examiner.com

The irony and hypocrisy are just begging here. Kind of like how Jay-Z loves the OWSers' money when they bought his OWS t-shirts and Jay-Z kept the profit to himself. Kind of like the money Moore made and decided to keep the profits. Nothing wrong with that except that's called capitalism.

Yeah, he's a 1 percenter. He's greedy. And, and he's a capitalist. And he makes all these fallacious stories. But don't let the hypocrisies stop ya!
 
naisho said:
If we look at the top top people, like these folks that make it to Forbes, I reckon a decent amount of these names were people who were from the "1%".

In fact, more like the 1.00% that went to 0.01%.

The Richest People in America - Forbes
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And, again, many of these people began like many of us. Look at Bill Gates, Steve Jobs, Steve Wozniak, etc...who worked and invested their way up.
 
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