Thursday, June 14, 2012

Things I didn't know about labor unions...

starting with their tax-exempt status.

How in heavens name did I get to this advanced age without knowing this???  BTW - to save you the trouble of counting the commas in that amount below, it's 32 billion (with a b) and some odd change. 

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.  read the rest

1 comment:

Woodsterman (Odie) said...

That's a lot of pay back for vote gittin.