Who’s paying for the conventions?
You and I!

August 23, 2008

The Democratic and Republican party conventions won’t get near the ratings of the Olympics, but all of us really should watch them. After all, we’re footing the bill.

The Federal Election Commission has announced that each convention
will receive $17 million in taxpayer funds as part of the Presidential Election Campaign Fund.

This is the money that you and I authorize when we check that box, or boxes, on our 1040 (or 1040A or 1040EZ). You know, that line right under the address label spot on the form that says,
"Presidential Election Campaign. Check here if you, or your spouse if
filing jointly, want $3 to go to this fund."

Oh, you didn’t check it. Me neither. In fact, most of us don’t check the box.

The check-box program was created in 1974 as an effort to ultimately replace private political donations with federal funds, a dollar (when it originated) at a time. Inflation has bumped it up to the current $3.

Donkey_elephant Ah, those idealistic days of yore.

But things haven’t quite worked out as planners had hoped.

In 1980, about 28 percent of taxpayers designated dollars to the
fund. By 1999, the box checkers had dropped to just under 12 percent of
taxpayers. It’s still holding at about that level, according to a Tax Foundation analysis of the program

Maybe it’s because people, in a rush to finish their returns, simply overlook the line.

Or they don’t believe the IRS promise that checking the box won’t affect your tax bill at all.

Or perhaps after taking a look at how much they’ve shelled out in taxes during the past year, they’re simply not in the mood to give any more money to any federal program.

Whatever the reason, it’s not generating much enthusiasm, from either the public or many candidates. Presumptive Democratic presidential candidate Barack Obama is the latest to eschew the federal funds.

Former Federal Election Commissioner Scott Thomas, in an interview with CNN Politics, acknowledges that the check-box plan didn’t eliminate or even reduce private campaign
donations. And Congress, he noted, has not made it
clear that in addition to funding presidential campaigns, taxpayers are
also paying for the party’s conventions.

Steve Ellis, vice president of Taxpayers for Common Sense, goes further, saying taxpayers who check the box are being "hoodwinked."

You can read more about the Presidential Election Campaign Fund at this FEC campaign checkoff Web page. Don’t worry about that "Published in December 1993" notation. Things haven’t changed.

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Tax Season 2026 Continues!

We made it. Tax Day 2025 is finally over. For most of us. When the filing season started on Jan. 26, millions who were expecting refunds filed immediately. Most of us got our returns to the Internal Revenue Service by April 15. But plenty of taxpayers also got extensions. They are looking at an Oct. 15 filing deadline.

Those procrastinating filers aren’t a problem. In fact, the IRS appreciates taxpayers who take time to fill out their 1040 forms correctly. It also is grateful that tax submissions are spread out a bit, especially now that the IRS is a leaner agency. Processing returns is easier when they arrive throughout the year instead of in massive bunches.

But enough about Uncle Sam’s tax collection issues. The focus now is on all y’all who filed for extensions, giving you another six months to complete your return. Since your new mid-October due date will be here before you know it, let’s get started now on meeting it.

The ol’ blog is here to help you finish up your extended Form 1040. You can start with January’s tax tips page, which has links to the rest of the year’s tips by-month collections. You also can peruse various tax categories for more tailored advice by clicking on the More Tax Posts drop-down menu at the top of this (and every) page.

And to make sure you don’t miss your new filing deadline, the count-down clock below will let you know just how much time you to file by Oct. 15. At the latest.e. (Note: I’m in the Central Time Zone, so adjust accordingly for where you live.)

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