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Non-Cattle Specific Topics
Coffee Shop
interesting tax idea
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<blockquote data-quote="Jogeephus" data-source="post: 653347" data-attributes="member: 4362"><p>That would be interesting. I'm sure they would put some wording in it that exempted encumbants or something.</p><p></p><p>Speaking of political fundraising, something happened this year has me wondering. During the presidential campaign, Hillary "loaned her campaign" something like $5 million. I wonder how much interest she charged her campaign? Is there a law that limits this interest amount? I know there is a law that prevents you from pocketing the donation money but could you not loan your campaign a huge sum of money like this at a terribly high interest rate and then reep a windfall personally? This income would be interest income and would sidestep social security and self employment taxes if you follow what I'm saying.</p></blockquote><p></p>
[QUOTE="Jogeephus, post: 653347, member: 4362"] That would be interesting. I'm sure they would put some wording in it that exempted encumbants or something. Speaking of political fundraising, something happened this year has me wondering. During the presidential campaign, Hillary "loaned her campaign" something like $5 million. I wonder how much interest she charged her campaign? Is there a law that limits this interest amount? I know there is a law that prevents you from pocketing the donation money but could you not loan your campaign a huge sum of money like this at a terribly high interest rate and then reep a windfall personally? This income would be interest income and would sidestep social security and self employment taxes if you follow what I'm saying. [/QUOTE]
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Non-Cattle Specific Topics
Coffee Shop
interesting tax idea
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