4 ms·
>An individual running for a seat in the House or Senate or for the office of U.S. President becomes a candidate when he or she raises or spends more than $5,00
by closeparen 7y ago
>An individual running for a seat in the House or Senate or for the office of U.S. President becomes a candidate when he or she raises or spends more than $5,000 in contributions or expenditures.
One generally needs a certain number of petition signatures to appear on a ballot, but apparently not needed just to legally be a candidate.
https://www.fec.gov/help-candidates-and-committees/registering-candidate/house-senate-president-candidate-registration/ https://www.fec.gov/help-candidates-and-committees/registeri...
- Descartes1 7y agoDo you have to actually spend that $5000? Or can you just have it "raised"?
- aperrien 7y agoCreate a nonprofit to accept the "raised" contribution, and then swap it with another candidate in the pool for "consulting fees"...
- boredgamer2 6y ago> Create a nonprofit I like the enthusiasm, but this would get you slapped by the IRS (eventually). Any other ideas? Maybe if we just pay each other in a ring through a legal escrow? Everyone puts in $5,001, the escrow pays everyone back $5000.
- godelski 7y agoSo we start a party where we all sign to get each other on the ballot and donate to a pool that allocates $5k to each of us? Can this $5k just be moved around per candidate which counts as spending?
- voldacar 6y agoThis would become a problem if someone just joined the party with the intent of cashing out the 5k$ and leaving. Maybe you could fix this somehow with smart contracts? idk
- celticninja 6y agoif you cash out the $5k you lose candidate status.
- deleted 6y ago[deleted]
- deleted 6y ago[deleted]
- Wowfunhappy 6y ago“Fine by me, I’m $5k richer now!”
- dkersten 6y agoAssign it but don’t physically give it to them?
- boredgamer2 6y agoLegal escrow! No smart contracts needed