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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsSo next year when you do your taxes do you help the POTUS candidates?
We always check this and donate to endangered species on the state form.
http://fivethirtyeight.com/datalab/a-checkbox-on-your-tax-return-helped-kill-public-campaign-funding/
A Checkbox On Your Tax Return Helped Kill Public Campaign Funding
2:09 PMAPR 9, 2015 By ANDREW FLOWERS
You already hate tax season, and as you move wearily through the cold calculations of the 1040 form, you come across a familiar checkbox. Its the one that requests permission to send $3 to the presidential election campaign, delivering cash to a bunch of politicians that youre sure are awash in money anyway.
Whats the point? you might ask yourself. To fund more polarizing and negative campaign ads? You happily refuse to check the box.
By doing so, you joined 94 percent of Americans who also declined to make that checkmark. The share of tax forms with a checked box has been declining steadily for decades.
That widespread sentiment is one of the principal reasons why the public funding of presidential campaigns, long a goal of campaign finance reform activists, is dying. Because the checkoff has provided a reduced stream of money, public financing is no longer an attractive option for the major party candidates, who now prefer to let private citizens with money pay for their campaigns.
FULL story at link.
LWolf
(46,179 posts)I've been sending more money every spring to cover my tax bill.
W_HAMILTON
(7,878 posts)...it doesn't reduce your refund/cost you anything.
It is basically you just authorizing governmental funds to be used for that purpose.
I've had some experience with tax returns, and almost no one checks it because (1) they think it will cost them personally and/or (2) due to its name, they assume that it will go directly to the president, which means you basically eliminate half of everyone, because no Democrat/Republican wants to be seen as donating to a Republican/Democrat president.
So, in the end, almost no one checks the box. I've seen only a handful of people do it through the years.
LWolf
(46,179 posts)it's also been several years since I did my own tax return. Looking at my copy, it looks like the box is still being checked.
In '09, I was audited for '06 and '07. I didn't actually owe more taxes, but the stress involved resolving it led me to put my tax work in other hands. I didn't think about checking any boxes when I turned filing tax returns over to an accountant.
davidpdx
(22,000 posts)I live in a foreign country that has a tax treaty with the US so that Americans abroad aren't double taxed.
cyberswede
(26,117 posts)It just allocates funds that would otherwise go somewhere else.
onehandle
(51,122 posts)Period.
Lil Missy
(17,865 posts)mythology
(9,527 posts)And I usually donate to at least one of the other charities that are options. If my return is small enough, I just donate the refund as my checking account isn't going to miss the $50 that much.
stage left
(2,967 posts)I didn't realize I was in such a small minority.
goldent
(1,582 posts)Juicy_Bellows
(2,427 posts)then no private money will be accepted in the process next election, we'd make sure as shit to check it.
As it stands, I think most people say what's the point?