These guys are priceless – is it any wonder the IRS has been working overtime to track all this money laundering activity?
And, they always claim social welfare, not politics. How did they catch Al Capone?
American Future Fund, a politically active nonprofit based in Iowa that reported spending more than $25 million in last year’s elections on ads and other communications benefiting Republicans, received more than 92 percent of its 2012 revenues from two organizations connected to Charles and David Koch.
According to the group’s annual tax form, filed with the IRS in mid-November and obtained by OpenSecrets Blog, its income came to $67.9 million last year — a sharp increase from the $2.6 million it registered in 2011, a nonelection year. AFF is a 501(c)(4) tax-exempt organization that is supposed to spend most of its resources for social welfare purposes, not politics.