Wednesday, June 13, 2012
Labor Unions are not dead. They are reloading.....
Amazing that this money is tax exempt.....AMAZING! The folks who labored for the pay get hit six ways to Sunday....but this isn't taxed...yet.....small business has to record every expense down to a cup of coffee or else....NOW let's talk about "Fairness"....I hear Atlas Shrugging again!
Labor unions are categorized as tax-exempt 501(c)5 organizations. In 2010, these organizations collectively held $32,498,906,714 in assets. This number comes from the combined assets of all labor unions and farm bureaus. After all their expenses, lobbying efforts, and voter intimidation efforts, these organized labor gangsters still have more money than the entire GDP of many countries. None of it is taxed, and 92% of them are in violation of Dept. of Labor audits.
Labor unions are categorized as tax-exempt 501(c)5 organizations. In 2010, these organizations collectively held $32,498,906,714 in assets. This number comes from the combined assets of all labor unions and farm bureaus. After all their expenses, lobbying efforts, and voter intimidation efforts, these organized labor gangsters still have more money than the entire GDP of many countries. None of it is taxed, and 92% of them are in violation of Dept. of Labor audits.
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