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To: Kellis91789
A bundler might have their expenses reimbursed by the campaign they are raising money for, but not from the specific checks collected. In some instances, professional fund raisers are paid a per cent of the funds they raise, but the payment comes from the campaign or PAC they are working for.

PAC filing requirements vary from state to state and are different from the federal government to the states. The details can be accessed via state elections websites and the Federal Elections Commission website.

Even for the inexperienced, PAC and campaign reporting requirements can be burdensome due to the strict time schedules. A CPA and an attorney are often engaged to set up a PAC and keep it in compliance. In such instances, the CPA often acts as the treasurer.

The plan that you outline would almost certainly get you into trouble. PAC reports are public record and it would not take long for someone to figure out what you are up to and file a complaint, leading to fines and potentially even criminal charges.

12 posted on 02/18/2010 11:51:00 PM PST by Rockingham
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To: Rockingham

“The plan that you outline would almost certainly get you into trouble. PAC reports are public record and it would not take long for someone to figure out what you are up to and file a complaint, leading to fines and potentially even criminal charges. “

Well, this is why I asked what would be involved in making sure it was legal. There are real expenses involved in running a website, paying a CPA, credit card processing fees, staff, and board members also need to be compensated. Many of these are fixed costs unrelated to how successful the fund raising actually is. Depending on the total revenue, the net proceeds going to the candidate or cause could be a lot or a little after expenses.

I recall reading about a Hillary Clinton fund raising party that raised a lot of money, but the cost of throwing the party ate up almost all of it. So I can’t see how there could be a hard and fast rule about what constitutes a reasonable portion of revenues going to expenses.


13 posted on 02/19/2010 12:17:29 AM PST by Kellis91789 (Democrat: Someone who supports killing children, but protests executing convicted murderers.)
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