What Do Candidates Do With Extra Campaign Money?

What can campaign funds be used for?

Campaign funds may be used to make donations or loans to bona fide charitable, educational, civic, religious, or similar tax-exempt, nonprofit organizations as long as the donation or loan is reasonably related to a political, legislative, or governmental purpose..

Do presidential candidates get Secret Service protection?

In regard to presidential campaign, the Secret Service is authorized by law (18 United States Code § 3056) to protect: Major presidential and vice presidential candidates and their spouses within 120 days of a general presidential election.

Does VP get Secret Service for life?

Former presidents and their spouses for their lifetimes (except when the spouse divorces or remarries), under the Former Presidents Act. … Major presidential and vice presidential candidates. The spouses of major presidential and vice presidential candidates (within 120 days of a general presidential election)

How much does a Secret Service agent make?

Average United States Secret Service Special Agent yearly pay in the United States is approximately $138,581, which is 102% above the national average.

Do vice presidents get paid for life?

Salary. The vice president’s salary is $235,100. … The vice president does not automatically receive a pension based on that office, but instead receives the same pension as other members of Congress based on their position as president of the Senate.

What do candidates do with leftover campaign money?

Campaign funds cannot be used to cover expenses related to deaths within the candidate’s family. They may, however, be used to cover funeral, cremation and burial expenses for a candidate or campaign worker whose death arises out of, or in the course of, campaign activity.

How much campaign money can you keep?

Contribution limits for 2019-2020 federal electionsRecipientCandidate committeeDonorIndividual$2,800* per electionCandidate committee$2,000 per electionPAC: multicandidate$5,000 per election3 more rows

What does a super PAC do with the money they raise?

A leadership PAC sponsored by an elected official cannot use funds to support that official’s own campaign. However, it may fund travel, administrative expenses, consultants, polling, and other non-campaign expenses. In the 2018 election cycle, leadership PACs donated more than $67 million to federal candidates.

Do politicians pay taxes on campaign contributions?

A political organization is subject to tax on its political organization taxable income. … Taxable income includes exempt function income (such as contributions) for any period of time that a political organization does not file a Form 8871 as required.