Posted on 07/04/2014 12:05:41 PM PDT by Nachum
Hillary Clinton continued to justify her high-dollar speaking fees on Friday, telling ABC News’ Ann Compton that all of the money she’s made from colleges over the past year and a half has been donated to her family’s foundation. “All of the fees have been donated to the Clinton Foundation for it to continue its life-changing and life-saving work. So it goes from a foundation at a university to another foundation,” Clinton said when asked about the criticism she and her husband have faced recently for their wealth. Hillary Clinton reportedly makes roughly $200,000 for each speaking engagement. And recent reports show
(Excerpt) Read more at abcnews.go.com ...
Yeah, the life saving work of killing babies.
Looks just a little bit like money laundering...
“Stop The Bleeding”!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
donated to her own foundation!?
at least her hubby donated his used underware to an outside, real charity!
(from an old Mike Royko column:)
Bill Clinton would donate his used shorts to Salvation Army or Goodwill resale shops and take a $4 tax deduction for each pair.
And it has since been revealed that he gave away long underwear and valued it for tax purposes at $12 per long john. (I don’t know if they were with or without back flaps, or whether it matters.)
This filled me with admiration for Clinton’s financial acumen, and regret that my father didn’t have the means to send me to Yale Law School so I could become that smart.
Not that I think a Yale education would have led me to the White House, but it would have given me an appreciation for the underlying value of my underwear.
Because I am older than Clinton, I’ve been paying income taxes a lot longer: since I was 16.
All those years, I bought underwear, wore it, threw it away, bought new underwear, wore it, threw it away. I can’t even guess how many hundreds or thousands of pairs of underwear I discarded over those decades.
And it pains me to think of all the tax dollars I could have retained. Why, by now I could be retired and taking brisk daily health walks in Florida or Arkansas. But it isn’t too late. Not for me or you.
There are 250 million people in this country. Many are infants in diapers, which might not have any tax value, but the majority are adults who own underwear. Most of us live within driving distance of some sort of charitable resale outlet.
So I would guess that at least 150 million Americans have used underwear that they could give away.
A conservative guess would be that each person replaces at least five or six pairs a year.
That would be about 900 million pairs of underwear. Almost a billion.
If we use the $4 value that Clinton placed on his underwear, we are now talking about $3.6 billion.
Then there are all those hardy souls in the wintry states of Minnesota, Wisconsin, Michigan, the Dakotas, upstate New York, Illinois, Iowa, Ohio, Pennsylvania and all through New England.
Think of the millions of pairs of long underwear that are worn in these states. At $12 a long john, we’re talking big-time money.
So the potential write-offs for the nation’s used underwear would easily exceed $4 billion.
How much money would American taxpayers save with the underwear write-off? We can make a conservative guess and say the average bracket would be about 25 percent.
That means Americans could save $1 billion in taxes from used underwear alone. That’s $1 billion in our pockets, $1 billion we could put back into the economy by buying things. Maybe even new underwear. Why, that pair of shorts is almost a symbol of patriotism.
However, there could be a slight problem. Most tax experts say that $4 for briefs and $12 for long johns are outrageously inflated deductions.
And a survey I did of Arkansas thrift stores established that used underwear sells for about two bits, or maybe 50 cents.
But who do you want to believe? Some accountant or thrift store manager?
So give those skivvies away and write them off.
And if you get audited, it should be no problem. Just tell the tax guy:
“Hey, Bill sent me.”
Gerbalist Kreutz does a pretty good job here pointing out Hillary’s shocking demeanor, laughing about how she got the child rapist acquitted, and as well Hellary lying about having been appointed his counsel in `Living History.’
The Clinton Foundation! LOL!
“Ahhm donatin’ to me and ma kin — cuz we wuz born poor black chilun “
Donated to her own pocket. What a wretch
There is just no end to the lies and deceitful garbage that comes out of this woman’s mouth. And to think, Huma actually kisses that filthy mouth.
She can’t then claim it as a personal deduction.
That’s why.
She gets a write off AND the money tax free. GRIFTER
I wonder why this wasn’t immediately mentioned at the first time this was raised.
Gee, how I miss Mike Royko...
Prove it! Back dated documentation in 3..2..1
Hillary is a self-proclaimed champion of women’s freedom throughout the world, without having done anything to support such a claim. Yet universities are happy to pay her $200,000 for a speech.
On the other hand, a genuine champion of women’s freedom — Ayaan Hirsi Ali, who has risked her life for years to get her message across of the dire plight of third-world women — was not permitted to speak, even without remuneration, at a major university, Brandeis, this year.
Our university system is in serious trouble, not only morally, but also financially, at least according to a major story in ‘’The Economist’’ this week. So, every university that pays Hillary $200,000 for a speech is bringing itself closer to its own downfall. At least there’s some good news in all of this.
Also know as Tax Evasion and Money Laundering.
As I recall, they wrote a check from their foundation to pay for their New York house. You’re not supposed to be able to do that.
In other words, ‘Bill and I make a lot of money, and we need tax breaks. So, we have to donate some money. Whose to say what the source of the money we donate is? All the money we make goes into one pot, and we’ll just say that what we took out of that pot to donate was from the speaking fees, because that’s what works for us politically at this point.”.
100% Pandering or 100% Cowardly?
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.