Posted on 05/02/2009 4:19:22 AM PDT by Shane
Why doesnt Rahm Emanuel pay property taxes? Email Written by gto7 on Feb-23-09 3:58pm From: gto7.wordpress.com
Why dont we all do this!!!! Rahm Emanuel's home
Rahm Emanuel's home
According to the Cook County Assessors website, the Chicago home of four-term Democrat Congressman and new White House Chief of Staff, Rahm Emanuel, doesnt exist. While the address of 4228 North Hermitage is listed as Emanuels residence on the Illinois State Board of Elections website, there seems to be no public record of Emanuel ever paying property taxes on this home.
The Cook County Assessors and Cook County Treasurers online records indicate Emanuels Chicago neighbors pay between $3,500 and $7,000 annually. However, Illinois Review has been unable to locate any evidence that the former Clinton advisor and investment banker is paying his fair share of Cook County s notoriously high tax burden.
hermitageblock_3
Why wouldnt 4228 North Hermitage property owners Rahm Emanuel and wife Amy Rule pay property taxes?
One reason may be because Emanuel and Rule declared their 4228 North Hermitage home as the office location for their personal non-profit foundation called the Rahm Emanuel and Amy Rule Charitable Foundation. As the non-profits headquarters, their home could be exempt from paying property taxes.
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In January 2007, USA Today reported on Emanuels foundation:
The Rahm Emanuel and Amy Rule Charitable Trust was formed in 2002, when the Chicago lawmaker was first elected. The former Clinton White House aide and his wife, Amy Rule, are its only donors. Emanuel was an investment banker after serving in the White House.
The trust reported having $2,900 on hand at the end of 2005 after receiving $34,000 from Emanuel and donating more than $31,000
During the past three years, Emanuels charity gave nearly $25,000 to the Anshe Emet synagogue and school [a private school that the Rahm/Rule children attend] , and $15,000 to the foundation run by former president Bill Clinton. It also gave $14,000 to Marwen, a Chicago charity that provides art classes and other educational help to low-income children. Rule is on 20 Marwens board.
(He doesnt pay any property taxes and he gets income tax write-offs by donating $25000 to the Synagogue and other amounts of money to his Foundation. This allows his kids to attend school tuition-free and allows him to expense a lot of personal expenses. What a racket!
Take all your income and donate it back to yourself via tax exempt orgs where you can spend it on as expenses to operate your car, pay the electric and water bills, etc.
I guess if you are a hypocritical liberal democrat who advocates raising taxes on everyone else, this is all permissible.)
Emanuels 4228 North Hermitage home is one of the largest in the neighborhood, with a side ya rd that appears to be a vacant lot, making the Emanuels property the largest portion on the block.
Other North Hermitage homes on Emanuels block are valued in the $500,000 plus range. According to Cook County Treasurers website, the Chicago owners of nearby 118 year old 4222 North Hermitage pay almost $6800 annually. The family at 4224 North Heritage pays $6000 each year in property taxes.
President Obama - himself a connected, Chicago insider who has benefited from questionable land deals - may find it difficult to explain why his very 20 own Chicago-based chief of staff doesnt pay property taxes like the little guy he claims to represent. Or perhaps allowing his wealthy friends to avoid taxes is part of Obamas trickle down redistribution economics. Its certainly the kind of change we Illinoisans can believe in
since were quite familiar with it here in the federal indictment land of Daley, Blagojevich, Madigan, Jones, Cellini, Rezko, etc.
Speaking of indictments and Chicago, I wonder how US Attn. Fitzpatrick is coming along.
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