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American taxpayers subsidize education of children of the multi-millionaire Obamas
UcDat
Registered User
User ID: 54868
04-13-2012 08:55 PM

Posts: 10,291



Post: #1
American taxpayers subsidize education of children of the multi-millionaire Obamas
President Obama and his wife, Michele, gave a total of $48,000 in tax-free gifts to their daughters, according to tax records made public on Friday.

The president and his wife separately gave each daughter a $12,000 gift under a section of the federal tax code that exempts such donations from federal taxes.

There is nothing illegal about the president’s taking advantage of this tax shelter, but it does raise eyebrows given that he has lamented the myriad tax exemptions used by the wealthy—“millionaires and billionaires” like himself—to pay less in taxes. He has yet to propose a comprehensive plan to reform the byzantine tax code.

The Obama’s tax return indicates that the gifts, likely for their daughter’s college educations, began in 2007, when the maximum exemptible amount was $24,000 per couple. The maximum exemption has since increased to $26,000 per couple.
http://freebeacon.com/obama-family-tax-shelter/
chuckle
(This post was last modified: 04-13-2012 08:57 PM by UcDat.) Quote this message in a reply
UcDat
Registered User
User ID: 54868
04-13-2012 10:50 PM

Posts: 10,291



Post: #2
RE: American taxpayers subsidize education of children of the multi-millionaire Obamas
Obama supporters step on up.... Heartflowers
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UcDat
Registered User
User ID: 54868
04-14-2012 12:36 AM

Posts: 10,291



Post: #3
RE: American taxpayers subsidize education of children of the multi-millionaire Obamas
UcDat  Wrote:
Obama supporters step on up.... Heartflowers

common you can do better in the defense of your hero than a anon one star...

guess not chuckle
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LoP Guest
lop guest
User ID: 89006
04-14-2012 12:48 AM

 



Post: #4
RE: American taxpayers subsidize education of children of the multi-millionaire Obamas
Step on it. Obama, like a cock roach ? 1dunno1
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LoP Guest
lop guest
User ID: 89006
04-14-2012 01:06 AM

 



Post: #5
RE: American taxpayers subsidize education of children of the multi-millionaire Obamas
Maybe you should go visit the fear thread. If you've seen it. Don't expect a link cause that shit anit(what the f*ck do I know about spelling a f*cking word that aint chuckle) about to happen

AHHHHH Scream1
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LoP Guest
lop guest
User ID: 89006
04-14-2012 01:11 AM

 



Post: #6
RE: American taxpayers subsidize education of children of the multi-millionaire Obamas
Obama= queer, commie, marxist socialist basTARD.

Feel free to add your own definition

chuckle. Hey Hifuck you f*cking puppet. Cheer
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LoP Guest
lop guest
User ID: 89006
04-14-2012 01:15 AM

 



Post: #7
RE: American taxpayers subsidize education of children of the multi-millionaire Obamas
I may have just made the RED list with that post.

Gives

UH! Don't we have the Granny bird here. Hey there are so many I may have skimmed over it.

Jptdknpa

Hugs
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UcDat
Registered User
User ID: 54868
04-14-2012 02:58 AM

Posts: 10,291



Post: #8
RE: American taxpayers subsidize education of children of the multi-millionaire Obamas
LoP Guest  Wrote:
Step on it. Obama, like a cock roach ? 1dunno1

chuckleBump
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UcDat
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User ID: 54868
04-15-2012 07:58 AM

Posts: 10,291



Post: #9
RE: American taxpayers subsidize education of children of the multi-millionaire Obamas
Hiding3
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LoP Guest
lop guest
User ID: 88087
04-15-2012 08:33 AM

 



Post: #10
RE: American taxpayers subsidize education of children of the multi-millionaire Obamas
Bump
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