The Spectacle Blog
Others have started probing Thompson's 8872 IRS filing today. A
quick look reveals some interesting
tidbits. Most clearly those who challenge whether he is
legitimately "testing the waters" (and not operating a campaign in
disguise) will question if that is the case: 1) why brag about a
burn rate(18%); 2) why accept donations above the $2300 limit for
the primaries (i.e. if you are "testing" you are determining
viability and you shouldn't be storing away money for the primary,
let alone the general election); and 3) were 10 staffers paid a
total of $106K(including payroll taxes) really just working on
testing the waters activities? Another nugget: he paid
$25,321.58 to Michael Toner's law firm. Toner
is the former head of FEC. (The sight of the former FEC head now
advising a candidate on how to stay below his former agency's radar
screen will not please those who frown on the infamous revolving
door.) On the donor side, so far he seems to have regional appeal
largely limited to the South. By rough
tabulation $2.68M --roughly 79%-- came from states in his regional
backyard (Tenn. with $1.67M; Texas, VA, FL, Georgia, Louisiana,
Mississippi, NC and Alabama comprising the rest). More details as
we continue to read on.
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http://spectator.org/blog/2007/07/31/findings-in-freds-filing
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