Here We Go Again (Obama Tax-evading appointee..)

Commentary ^ | 2/9/09 | J.G. Thayer

[MathDoc]

She looks like a liberal.

[IamConservative]

Honestly, I can’t say this is a big deal. The guy is already paying taxes on one house (presumably), he’s got to pay more taxes on another?

Rahm's home in Chicago is not on the tax roles either. It is owned by a not for profit "foundation" and he pays rent.

[April Lexington]

So.... when do “we the people” rise up in revolt?

[GoreNoMore]

There is a difference between zionism and judism. Zionist claim judism yet the jews against zionism don’t. Look up Rev 2:9 and Rev 3:9 and you will see that there are those that claim they are jews and are not. Money is the sword in this battle and we are being played like a fiddle.

[torchthemummy]

Honestly, I can’t say this is a big deal. The guy is already paying taxes on one house (presumably), he’s got to pay more taxes on another? I suppose it would be far less egregious if he wasn’t pushing for higher taxes on all of us to support their socialism, but I imagine if I were in his place I might be tempted to do the same.

The point is that legislators that live the dual-state life pay for taxes in both states. Granted while in DC some obviously rent and pay taxes through embedded fees the landlord eventually pays out. Yet the reps that buy permanent homes seem to make an investment that they will not be leaving even if booted out of office - they just become lobbyists.

Emmanuel is avoiding any taxes/fees by living with a "bud" and yet he could very well be paying his "bud" half the rent which would seem to be all fine and good and yet Emmanuel doesn't declare such an arrangement. Seems to me he is gaming the system by avoiding any residency costs that others are required to pay while at the same time seeming to be having potential conflicts of interest with the very people he is living with.

By the way I agree that this shouldn't be an issue as far as the residency requirement goes but the fact is it is the law and so Emmanuel should not be able to flaunt it.

[lone star annie]

Can you imagine the spawn that union would produce? We could have a new horror movie: Rosa’s Baby.

[Anitius Severinus Boethius]

5 years at $1400 a month is $84,000 in untaxed income. That’s a big deal to the tune of around $18,000 in taxes he owes.

That’s just a rough estimate.

[sportutegrl]

I think I also read somewhere that the house Rahm lives in in his home district is owned by a charitable corporation, The Rahm and (Mrs.?) Emmanuel Foundation. So, no property taxes, either.

[TheCPA]

The use of an apartment without payng rent seems like a gift. A gift is excluded from gross income under Section 102 unless it is a gift from an employer (Section 102(c)).

However, the free use of lodging from an employer is excluded from gross income under Section 119 if the lodging is for the employer's convenience and the employee is required to accept the lodging as a condition of emplpyment.

It would not be a gift if the free rent were payment for something. For example, if a person said, if you overhaul my car, you can have free rent for six months, the fair market value of the free rent would be included in gross income under Section 61(a) as payment for the overhaul services rendered.

[Sister_T]

That is a long list. It would be great to add links to these.

[Nachum]

That is a long list. It would be great to add links to these.

I am eventually going to attempt to do that. I am hoping to have a website up with the list and links. It will become much to long to post at FR.

[Freee-dame]

Rahm's home in Chicago is not on the tax roles either. It is owned by a not for profit "foundation" and he pays rent.

I wonder if he pays market value?

[r9etb]

Ah, that pic just proves that in this case, anyway, it most definitely wasn't about sex.

[Nachum]

It would not be a gift if the free rent were payment for something. For example, if a person said, if you overhaul my car, you can have free rent for six months

-Or, for example if it were payment for say... millions of dollars worth of polling business by... oh maybe... the Democratic party, ACORN, and a certain candidate running for national office.

[Panzerfaust]

You called??

[Gill]

Nachum: This list is great! Where did you get it ?Good job! Gill

[rfp1234]

AAAaaaaack! This requires a visual antidote.

[Nachum]

Nachum: This list is great! Where did you get it ?Good job! Gill

I began to compile the list on the first days in office. There was so much of this during Klinton, that I wanted to keep a running tab on the new president from day one.

[Know et al]

... so if a Boy Scout helps an old lady across the street, should she report as income the cost of hiring a guide to preform the same task for her as the Scout provided free of charge?

No, there is no monetary value to crossing the street.

[Cheburashka]

Ah, that pic just proves that in this case, anyway, it most definitely wasn't about sex.

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Since Rahmbo is a graduate of the Evanston School of Ballet, I would want to see a picture of Stan Greenburg before I said that.