samthegeek’s avatarsamthegeek’s Twitter Archive—№ 59,544

  1. …in reply to @2Fast2Finkel
    2Fast2Finkel There’s actually a specific provision in the tax code for public officials attending benefit galas and events — where the organization receiving money is a 501(c)3. The met is tax exempt therefore a comped benefit ticket is moot.
    1. …in reply to @SamTheGeek
      2Fast2Finkel Plus the value of the gift would only be the cost of the dinner not the cost of the ticket — and that’s usually minimal (like $50 or something is ‘not tax exempt’)