Hillary Clinton caught on charity tax scheme

News.com.au ^ | Feb 27, 2007 | From correspondents in Washington

[jdm]

DEMOCRAT senator Hillary Clinton failed to disclose a family charity she operates with former president Bill Clinton that has enabled the couple to write off more than $US5 million ($6.3 million) in taxable income since 2001.

The US Ethics in Government Act requires members of Congress to disclose positions they hold with any outside entity, including non-profit foundations.

But in successive annual Senate disclosure forms, Senator Clinton has failed to report the foundation, established in 2001, or her position as treasurer and secretary, the Washington Post reported yesterday.

The foundation has enabled the Clintons to write off $US5 million in taxable income while it dispensed $US1.25 million in charitable contributions over that period.

[JoeSixPack1]

...but, in an oversight that leaders of both parties have made,...

I have absolutely no patience for this! BOTH PARTIES?? I give up, there is only party.

The entire Fed needs to find work elsewhere. ARRRGGGGHHHHHH

[Humidston]

Respectfully, I must disagree.

These corrupt people (most of D.C.) rule us, not the other way around as the Constitution originally intended.

Our "rulers" are never held to the same standards as we are.

[Luke21]

I expext ABC and Fox to lead their hourly newscasts with this for the next 7 days, like with Mark Foley.

[pabianice]

Front page coverage in The Boston Globe!

[Ben Hecks]

And where did the rest of the money go? Their pockets.

I would imagine that a charity of that size would have a fairly large payroll....providing the opportunity for hiring people with "special skills" such as those previously exhibited by Craig Livingstone.

[manic4organic]

Hillary, we're going to have to take things away from you on behalf of the common good.

[<1/1,000,000th%]

Bloomberg had a headline that Clinton has already made $40 million in speaking fees since he left the White House.

I don't think that counted the money he was paid for brokering the Dubai Ports deal. I heard he was paid $30 million for that.

[jackv]

And what was it geffen said..."unusually good at lying"?

hahaha! Who believes anything they say, really?

[Cincinna]

These are the Arkansas Grifters who want to run, er, ruin, your country. Why is anyone surprised?

The VRWC and the "Politics of Persoanl Destruction".

[highlander_UW]

Smartest woman in the world.

They're all smart until they get caught...rather it's Ken Lay or Hillary Clinton.

[MPJackal]

"The foundation has enabled the Clintons to write off $US5 million in taxable income while it dispensed $US1.25 million in charitable contributions over that period."


How is that possible? Let's go out on a limb and pretend this is true. The smartest woman in the world spent $5 million to give $1.25 million in charity. Imagine what she can do with the nations GDP.

[ml/nj]

It was in yesterday's Washington Post. [and on FR]

You know, I saw this yesterday. I probably only read the headline and the first paragraph. The Australian headline is a much more accurate summary of what is involved.

ML/NJ

[CedarDave]

LOL!! You got me!

[CedarDave]

The Australian headline ("Hillary Clinton caught on charity tax scheme") is a much more accurate summary of what is involved.

Yes indeed!

[bray]

It was just a silly $5 million mistake...sorry!

Pray for W and Our Troops

[jla]

See this yet? I thought you might create one of your drawn-out, long-winded, obnoxious graphic-laden threads about it. :^)

[navyblue]

Git a rope!!!

[hershey]

Did Bill take a deduction for donating his used underwear to charity this year?

[bmwcyle]

Now will it get reported well?

[BenLurkin]

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