The Ted Cruz Podcast
IRS Alert: Ted Cruz May Owe Taxes On iHeartMedia Podcast Payments
U.S. Sen. Ted Cruz may have to pay taxes related to payments from his iHeartMedia podcast to a super PAC supporting him, according to tax experts.
The podcast has been in the public eye since it was found that iHeartmedia paid more than $630,000 in advertising -from Cruz’s podcast- to the Truth and Courage PAC, a group focused on “ensuring that Ted Cruz is re-elected to the United States Senate in 2024.”
Cruz has said he makes no money or directs revenue for the podcast, but tax experts have said he may still need to report the podcast payments as income to prevent the Internal Revenue Service (IRS) from flagging it.
What is it with all these creepo politicians that they think whatever they do should always be tax free? I don’t go out and start something to make money and then tell the IRS that everything should be tax free and I’ll bet you don’t either. For that matter, I didn’t even know that Cruz had an i❤️media podcast as well as a “Truth and Courage” PAC, all to re-elect him. If it wasn’t for Nick’s cartoons I wouldn’t know anything that went on in politics! I think the two names are really ironic.
Aw shucks. Who’d a thunk.