Michelle famously declared, “We left corporate America, which is a lot of what we’re asking young people to do...”, and I'm trying to reconcile that with her knocking down $273 thou a year sitting on that hospital board.
Sweet Jesus......these people are pulling in that kind of jack, getting sweetheart deals on their homes and kid care, but Michelle Obama still complains about how difficult things were financially because of their 'weep' student loans?
According the New Yorker profile on Michele a few weeks ago, her mother retired last year to watch the kids when mommy & daddy are on the road. No doubt that's unpaid childcare. Plus, they employ a fulltime housekeeper.
Let’s really look at Mr. Obama's tax returns. First of all, the returns for 2006 and 2005 look too good to be true. I question whether or not Mr. Obama amended these returns and recreated the original returns to reflect the amended ones filed on Form 1040X.
The reason I pose this question is that it seems odd that Mr. Obama did not incur any expenses relating to his business as an author (other than legal fees and commissions). Does he mean to tell us that he incurred no additional expenses such as office supplies, travel, and telephone? Why would he leave these expenses off his tax return when in fact they would certainly be legitimate deductions? The only reason I can think of, other than attempting to make the public see that he is extremely patriotic, is that he used the facilities at the senate for his own personal use in writing his book.
Also, why didn’t Mr. Obama deduct any property taxes on his home in 2005? He must have incurred them because he paid over $60,000 in mortgage interest.
Comments (13)
Wow, fulltime child care for 2 kids = $500/month (TY 2006)! I have a couple of parents who would kill for a deal like that.
Posted by Steve | March 25, 2008 2:11 PM
Interesting how little he gives to charity (versus the 10% 'tithe').
Regardless of gross or net, he is far from 10%, even when pulling down the larger 6 figures (7,8, or 9xx,xxx).
UCC sure isn't the Mormon church. Did Mitt spill his IRS beans? Anyone know how he compares in the 'tithe' catagory?
Posted by Harry | March 25, 2008 3:09 PM
Amazing what election to the US Senate did for that "author's" freshman-year income; eight times that of '04. Hmmm!
Posted by RickN | March 25, 2008 3:43 PM
Still nothing from Hillary, of course.
Posted by Dave J. | March 25, 2008 4:32 PM
maybe Hillary "misspoke"
Posted by dman | March 25, 2008 5:09 PM
$500/month for two kids? No way.
Not unless they are from Guatemala and receiving free room and board on top of the cash.
Nannygate?
Posted by Mister Tee | March 26, 2008 12:52 AM
Perhaps the $500/month for childcare is the maximum deduction allowed?
Posted by Dave J. | March 26, 2008 6:47 AM
Michelle famously declared, “We left corporate America, which is a lot of what we’re asking young people to do...”, and I'm trying to reconcile that with her knocking down $273 thou a year sitting on that hospital board.
Posted by Thomas | March 26, 2008 9:14 AM
Sweet Jesus......these people are pulling in that kind of jack, getting sweetheart deals on their homes and kid care, but Michelle Obama still complains about how difficult things were financially because of their 'weep' student loans?
Posted by butch | March 26, 2008 10:17 AM
Below is the percentage of the Obama's adjusted gross income that went to charity for each year (and this even includes Rev. Wright's church-o-hate):
2006: 6.1%
2005: 4.7%
2004: 1.2%
2003: 1.4%
2002: 0.4%
2001: 0.5%
2000: 0.9%
Posted by butch | March 26, 2008 11:06 AM
According the New Yorker profile on Michele a few weeks ago, her mother retired last year to watch the kids when mommy & daddy are on the road. No doubt that's unpaid childcare. Plus, they employ a fulltime housekeeper.
Posted by Doris | March 26, 2008 11:12 AM
McCain's tax returns -- put up or shut up.
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Media Matters .ORG
PolitiFact repeated mischaracterization of "maverick" McCain's misstatements on Al Qaeda and Iran Monday, March 24, 2008
Chris Matthews asserted "[t]here's only one way to read" Bill Clinton's comments on McCain-Hillary Clinton match-up Monday, March 24, 2008
On Fox News Sunday, Kristol claimed Hagee and Parsley are "just individuals who've endorsed" McCain Sunday, March 23, 2008
Citing his experience, This Week, Fox News Sunday panelists excuse McCain's Al Qaeda-Iran gaffe Sunday, March 23, 2008
During discussion of McCain "showing off his foreign policy credentials," Matthews panel ignored McCain's Al Qaeda-Iran gaffes Sunday, March 23, 2008
Cameron asserted as fact that "[m]any Europeans mistakenly believe that if elected, McCain will mimic all Bush policies" Sunday, March 23, 2008
Buchanan on Obama's race speech: "We hear the grievances. Where is the gratitude?" Saturday, March 22, 2008
ABC News corrects its false claim that McCain released tax returns Friday, March 21, 2008
Limbaugh: "Obama has disowned his white half ... he's decided he's got to go all in on the black side" Friday, March 21, 2008
CNN's Situation Room misinformed on McCain's overseas trip Friday, March 21, 2008
Posted by Tenskwatawa | March 27, 2008 1:07 AM
Barack Obama's Tax Returns
By Thomas Gough - Mar 27th, 2008 at 9:50 pm EDT
Let’s really look at Mr. Obama's tax returns. First of all, the returns for 2006 and 2005 look too good to be true. I question whether or not Mr. Obama amended these returns and recreated the original returns to reflect the amended ones filed on Form 1040X.
The reason I pose this question is that it seems odd that Mr. Obama did not incur any expenses relating to his business as an author (other than legal fees and commissions). Does he mean to tell us that he incurred no additional expenses such as office supplies, travel, and telephone? Why would he leave these expenses off his tax return when in fact they would certainly be legitimate deductions? The only reason I can think of, other than attempting to make the public see that he is extremely patriotic, is that he used the facilities at the senate for his own personal use in writing his book.
Also, why didn’t Mr. Obama deduct any property taxes on his home in 2005? He must have incurred them because he paid over $60,000 in mortgage interest.
Posted by Tom G | March 27, 2008 7:12 PM