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Obama Benefiting From Tax Break Similar to Loophole he Blasted as President: Report
New York Post ^ | 6/14 | Ariel Zilber

Posted on 06/16/2023 11:07:13 AM PDT by nickcarraway

Barack Obama stands to pay less in taxes as a result of a special loophole that’s similar to one that he criticized during his presidency, according to a report.

The former president is a “strategic partner” with NBA Africa, a venture which oversees the continent’s Basketball Africa League. In a July 2021 press release, the NBA announced that Obama “will have a minority equity stake in the new venture” while he “help[s] advance the league’s social responsibility efforts across the continent.”

Obama’s deal with NBA Africa has been structured as a “profit interest” share, which is similar to the “carried interest loophole” that the former president denounced as a gift to the wealthy, according to independent journalist Lee Fang.

(Excerpt) Read more at nypost.com ...


TOPICS: Business/Economy; Government; News/Current Events; Politics/Elections
KEYWORDS:
Why would they legitimately hire Obama for this role. He knows nothing about basketball and nothing about Africa.
1 posted on 06/16/2023 11:07:13 AM PDT by nickcarraway
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To: nickcarraway
He knows nothing about basketball and nothing about Africa.

Not true. Obama knows how to meet chicks when visiting Africa. LOL


2 posted on 06/16/2023 11:12:03 AM PDT by Tell It Right (1st Thessalonians 5:21 -- Put everything to the test, hold fast to that which is true.)
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To: nickcarraway

BO has a whiff of hypocrisy


3 posted on 06/16/2023 11:14:53 AM PDT by xp38
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To: nickcarraway

Obomination is just a hypocritical con artist, communistic muzzoid illegal alien


4 posted on 06/16/2023 11:15:30 AM PDT by No name given (Anonymous is who you’ll know me as)
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To: Tell It Right

I don’t really consider that knowing anything about Africa. I bet if you gave him and I a blank map of africa, I could fill in more countries and capitals than him.


5 posted on 06/16/2023 11:16:32 AM PDT by nickcarraway
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To: No name given

He is an atheist.


6 posted on 06/16/2023 11:17:03 AM PDT by nickcarraway
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To: nickcarraway

if you see him play basketball

you are reminded that he is half white


7 posted on 06/16/2023 11:19:11 AM PDT by joshua c (to disrupt the system, we must disrupt our lives, cut the cable tv)
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To: nickcarraway

BO is a CO (Community Organizer), an apostle of Marx and Alinsky.


8 posted on 06/16/2023 11:22:38 AM PDT by windsorknot
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To: nickcarraway

Well, originally they offered it to Hunter Biden but he turned it down. Since Joe is supposedly busy with his full-time gig, that left Barry.


9 posted on 06/16/2023 11:51:54 AM PDT by Bernard (“the rights of man come not from the generosity of the state but from the hand of God." JFK 1-20-61)
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To: nickcarraway

Jokeass is as corrupt as his VP.


10 posted on 06/16/2023 12:14:13 PM PDT by depressed in 06
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To: nickcarraway

Gee, I’m shocked. 🙄


11 posted on 06/16/2023 12:28:06 PM PDT by GrumpyOldGuy
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To: nickcarraway

Why don’t we just post the New York Post here instead of reading all these 25 post so far today??


12 posted on 06/16/2023 1:01:28 PM PDT by TrumpisRight (It is --> President Trump <--)
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To: nickcarraway

Barack Obama = Joe Biden In Black


13 posted on 06/16/2023 2:26:34 PM PDT by Vaduz (....)
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To: nickcarraway

Which mansion was Obama at when he made his remarks.


14 posted on 06/16/2023 2:29:09 PM PDT by ActresponsiblyinVA
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