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

jillio said:
Yeah, I know. They are just trying to play semantics games. Not very good at it though.
Click to expand...

no wonder Obama is not even bothering to campaign for 2nd term.
 
DeafCaroline said:
You clearly have no idea what the 1% is.

Not going to bother responding to you anymore. It's pointless.
Click to expand...

It's like banging your head against a brick wall. Feels really good when you stop.

My suggestion: Just let the conservatives here ramble on and on and they end up making as big of idiots out of themselves as the Repub candidates have done in their pathethic attempts to debate.:laugh2: We just need to sit back and smile.
 
Jiro said:
no wonder Obama is not even bothering campaigning for 2nd term.
Click to expand...

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
 
One can have a business and run a nonprofit - the business and the non profit would be two separate entities. There are many wealthy people who have created and set up nonprofit charities to help others while profitting from their own business enterprises not assocaited with their charities or nonprofits.

One can also set up a foundation for a nonprofit . Foundations are typically bank accounts/investment portfolios. that is allowed as well - it earns interest hence generating income for the nonprofit. so his investments would be earning income for himself and/or for his nonprofit orgs. One could give 10,000 to a student to go to school or they could invest 100,000 into a foundation earning interest that would enable more students to go to school, not just one.

There is no golden rule that one has to be impoverished in order to donate. In fact, impoverishment would make it very difficult for one to donate. If wealth gives one the ability to give more or set up a way for others to do more (feed a man a fish, he eats for one day, teach the man to fish, he'll eat for a lifetime).

There are hundreds of very wealthy people out there who donate very generously, Michael Moore is one of them. Is it his fault that people bought tickets to see his films or buy his dvds or that people paid to see him give talks? did he put a gun to their heads and make them give him money?

no.

this attempt at portraying him as some evil capitalist 1 percenter is ridiculous. He worked very hard and benefited. Good on him.
 
Jiro said:
yea? let's see...

Charity Fat Cats

Lester has a problem with CEO of nonprofit organization earning $200,000 salary.


A reply -




not directly related to your post but it's part of thought process in understanding that "non-profit" is not a misnomer
Click to expand...

The term "non-profit" as posted already, refers to the owner and shareholders being unable to make a profit personally. Not the business. At issue is whether a non-profit business can legally show a profit or earnings at the end of the year. Clearly they can.
 
Jiro said:
no wonder Obama is not even bothering to campaign for 2nd term.
Click to expand...

We could begin to refer to the Republican campaign efforts as the "Un-campaign" just for yucks. I am actually sad that the whole thing is going down this way. I really prefer going to the booth with a difficult choice.
 
TXgolfer said:
The term "non-profit" as posted already, refers to the owner and shareholders being unable to make a profit personally. Not the business. At issue is whether a non-profit business can legally show a profit or earnings at the end of the year. Clearly they can.
Click to expand...

Is profit the same as salary? Does this mean all CEOs of non profits must work for basically free?
 
saywhatkid said:
We could begin to refer to the Republican campaign efforts as the "Un-campaign" just for yucks. I am actually sad that the whole thing is going down this way. I really prefer going to the booth with a difficult choice.
Click to expand...

The Un-campaign. I like that. I was going to suggest "parade of fools."
 
Jiro said:
it's puzzling that one thinks "non-profit" is a misnomer.

if the organization is "non-profit"... then how does one expect it to finance itself? of course they are allowed to raise money such as selling tshirts, books, tickets, etc. as long as it's related to organization.

they are not allowed to make profits from activities unrelated to organization.

"raising money"
"making a profit"
Click to expand...

The bold is incorrect. See line 30 of IRS form 990 T
 
TXgolfer said:
The term "non-profit" as posted already, refers to the owner and shareholders being unable to make a profit personally. Not the business. At issue is whether a non-profit business can legally show a profit or earnings at the end of the year. Clearly they can.
Click to expand...

it's clear - non-profit business does not and cannot make profit the same way that for-profit business does.

was one expecting non-profit business to offer its service and merchandises for free or something?
 
saywhatkid said:
Is profit the same as salary? Does this mean all CEOs of non profits must work for basically free?
Click to expand...

Depends on how they set it up. Generally, Non-profits can have paid employees but the Board can not be paid.
 
Jiro said:
it's clear - non-profit business does not and cannot make profit the same way that for-profit business does.

was one expecting non-profit business to offer its service and merchandises for free or something?
Click to expand...

That's incorrect to. They can make a profit the exact same way, but they can not distribute the profit the same way.
 
TXgolfer said:
That's incorrect to. They can make a profit the exact same way, but they can not distribute the profit the same way.
Click to expand...

okie dokie :dunno2:

they can but can they largely depend on it?
 
Jiro said:
okie dokie :dunno2:

they can but can they largely depend on it?
Click to expand...

Get off the merry go round, Jiro. We all know they are just going in circles trying to make what they stated right somehow.:D
 
Back
Top