Mr. Axelrod… you are WRONG! Chuck Woolery tells you exactly how you can donate to the IRS. It seems there is a little ‘ol provision in the tax code that allows the IRS to accept donations.
According to TreasuryDirect.gov:
The Bureau of the Public Debt may accept gifts donated to the United States Government to reduce debt held by the public. Acting for the Secretary of the Treasury, Public Debt may accept a gift of:
- Money, made only on the condition that it be used to reduce debt held by the public.
- An outstanding government obligation, made only on the condition that the obligation be retired and the redemption proceeds used to reduce debt held by the public.
- Other intangible personal property made only on the condition that the property is sold and the proceeds from the sale used to reduce the public debt.
Gifts to reduce debt held by the public may be inter vivos gifts or testamentary bequests.
The fiscal year to date information includes total gifts received for the months of October through September. For the years 1996 and 1997, monthly data is not available.
Read about how to make a contribution to reduce the debt.
Wow! Explain that one Obama and Axelrod…