Report: "As the Los Angeles Times reported on Sunday, however, in financial disclosure forms, Bachmann reported receiving between $32,503 and $105,000 in income from the farm, at minimum, between 2006 and 2009."
Response: I hate politicians. The B*stards live off of us and then lie. I can understand the attitude of a Frenchman towards his bankrupt "leaders" in the 1780's through 1790's.
Ya better look at the conditions of the partnership & the tax consequences. I was once a partner in a firm and left when it started serious decline (I was minority partner, major partner was less than a businessman). I remained a 49% owner and had to report 49% of the income altho I received NO $$. It was an "S" corp. I ended up paying over $150,000 in taxes and received
ZERO.
I'm sure the LA Times will be publishing all of the details ASAP. sigh.