Green Room

Teachers Union Finds Loophole to Loopholes

posted at 11:03 am on August 1, 2012 by

As long as we’re discussing the National Education Association putting money aside, might as well mention this item from the union’s financial reports:

The Internal Revenue Service (“IRS”) examined NEA’s income tax returns for the years 2000 through 2010 and proposed adjustments for those years. NEA appealed the proposed adjustments and while it believes the related tax returns are in accordance with prevailing tax rulings it has established a provision of $4,000,000 to cover any obligations that might arise from the unresolved issues.

At a time when middle class Americans and small businesses are suffering, large, multi-national corporations are earning record profits and paying little to no money in taxes that are intended to support the communities where they do business. Or so I hear.

Recently in the Green Room:

Blowback

Note from Hot Air management: This section is for comments from Hot Air's community of registered readers. Please don't assume that Hot Air management agrees with or otherwise endorses any particular comment just because we let it stand. A reminder: Anyone who fails to comply with our terms of use may lose their posting privilege.

Trackbacks/Pings

Trackback URL

Comments

Euphemism Of The Day – “IRS Proposed Adjustments”

Translation: “PAY UP OR GO TO JAIL SUCKA!”

Marcola on August 1, 2012 at 1:58 PM

obviously related to their political activities…members get to deduct their dues so attempting to disguise what amounts to a non-deductible political contributon now becomes deductible. the WSJ article a week or so ago about how unions grossly under-report their political activities would tell me that the NEA should accept and pay the IRS number. Fight it and the real number will go up based on what we know now.

teejk on August 1, 2012 at 2:17 PM