Friday, May 11, 2007

Do-gooders

Hmm. MSNBC describes 501 c 4's thusly:

A 501(c)(4) is the Internal Revenue Service term for a tax-exempt organization “primarily engaged in promoting in some way the common good and general welfare of the community.”

Note the unattributed quote. Only one problem. My copy of the code reads thusly:

Civic leagues or organizations not organized for profit but operated exclusively for the promotion of social welfare, or local associations of employees, the membership of which is limited to the employees of a designated person or persons in a particular municipality, and the net earnings of which are devoted exclusively to charitable, educational, or recreational purposes.

So, whassup, NBC? Are we just pulling quotes out our ears these days? I mean, goodness, we'd all like to be able to shoot people to promote the common good and all, but doesn't attribution mean something?

(I know all you tax mavens and googlers like me will pull the real source, but is that our job?--"An organization is considered to be operated exclusively for the promotion of social welfare if it is primarily engaged in promoting in some way the common good and general welfare of the community. See Treas. Reg. section 1.501(c)(4)-1(a)(2)(i). ")

2 Comments:

Anonymous Anonymous said...

Another sinister example of the ubiquitous liberal bias of the news media? MSNBC goes past the tax code, into the regulations, and gets it right?

9:03 PM, May 11, 2007  
Blogger ColumbusGuy said...

Don't be silly. That's not liberal bias. It's poor form.

Besides, what are you kvetching about? NPR is the best radio network on the air, maybe with BBC, and they're palpable bedwetters both. (Just to be sure I've got it right, you think it's silly to waste time complaining about media bias, but it's worthwhile commenting on commenters of media bias?)

Now, do you want to ask, did they follow poor form because they're poor reporters, or because they wanted that juicy "for the common good" quote? Then you're talking media bias. I'd say that one's a coin flip.

5:45 AM, May 12, 2007  

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