RPAC 2017 Goal - $52,500
"I GIVE BECAUSE..."
What is PAC?
Political Action Committees, or PACs, have been around since 1944 when the Congress of Industrial Organizations (CIO) formed the first one to raise money for the re-election of President Franklin D. Roosevelt. PACs represent business, labor or ideological interests, and exist to raise and spend money to elect and defeat candidates. The PAC’s money must come from voluntary contributions from members. PACs may give to a candidate committee per election (primary, general, run-off or special). They may also give to any national party committee and annually to any other PAC. PACs may receive contributions from any one individual. In short, PACs merely represent a legal way for individuals to unite and ensure their voices are heard at all levels of government.
What's the difference between RPAC & the Florida Realtors PAC?
With regard to issues, Florida Realtors PAC is the branding effort of the Florida Realtors intended to identify and differentiate the statewide political efforts of the Florida Realtors from that of RPAC, the branding used to identify the political efforts of the National Association of Realtors. With regard to the actual financials, Florida Realtors PAC and RPAC are the same federated group with contributions to both being split between local, state and national. Every dollar is split in the following manner:
- 30% to NAR – RPAC
- 45% to Florida Realtors PAC
- 25% to local associations
Are contributions to RPAC tax deductible?
Contributions used for political purposes are not tax deductible on federal income taxes.
Can I earmark money to a party or particular candidate?
Under federal election law, the earmarking of contributions is illegal.