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To: bgill

Not about Michelle’s bitching, but this does debunk the “student loan” story.

http://www.newsmax.com/KenTimmerman/obama-harvard-/2009/12/14/id/342454

Obama released seven years of tax returns on March 25 of 2009.

The returns, dating back to 2000, indicate that the couple paid no interest on their student loans. The interest from such loans would have been deductible on their joint income tax returns.

For 2000 through 2004, taxpayers declared student loan interest as a deduction on line 24 of federal form 1040. After 2004, the deduction can be taken on Line 33.

But the Obamas never declared a dime of interest in student loans on their return, most likely because they simply earned too much money to be able to take the deduction under the IRS rules.

Obama spokesman Ben LaBolt had no answer as to why the Obamas’ failed to declare the loans, stating the obvious that “because interest on the loans was not deducted, it would not appear on the Obamas’ personal return.”


57 posted on 07/14/2010 1:37:19 PM PDT by Beckwith (A "natural born citizen" -- two American citizen parents and born in the USA.)
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To: Beckwith

Thanks.

But does it really debunk the story? All we know is that they may have made too much money to declare the deduction if there was one. At best, it’s unprovable one way or the other from the returns. Sorry, but he’s a liar and she lets things slip. If either one said the sun rose in the west, I wouldn’t believe it.


59 posted on 07/14/2010 1:48:07 PM PDT by bgill (how could a young man born here in Kenya, who is not even a native American, become the POTUS)
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