Posted on 04/13/2012 1:48:15 PM PDT by Beaten Valve
Beverly Hillbillies had way more goin on then this trash...
Tax loophole for the wealthy...(as creep-in-chief would say)!
They need to pay THEIR “FAIR SHARE”!
I wonder why he didn’t just pay more and skip the loophole since he lectures the rest of us on how to run our lives? /s
Oh, so this is what those 99%’ers have been protesting about...people like the pResident
Barry IS the 1%
Just because a tax deduction is there...doesn’t mean you have to use it.
Barry hates the Poor
“...doesnt mean you have to use it.”
I would use it. But then, I’m not the one criticizing people for using it.
BHO: Don’t do as I do, do as I say! I’m above you because I live on a hill and I can see all you slaves from my White House.
We want to see the expense account for all the trips....We’re not stupid....Even the dog lives a lot better than us HARD WORKING FOLKS.
The president and his wife separately gave each daughter a $12,000 gift under a section of the federal tax code that exempts such donations from federal taxes.
++++++++++++++++
Very misleading statement. Obama gets no reduction in taxes from this transaction. It is hs daughters who have no tax obligation.
I looked at his return to see what huge deductions he took to lower his rate so much. He also must have a giant home loan because he deducted thousands from his interest payments on his mortgage. He also deducted thousands for real estate taxes he pays on his mansion.
What a pompus jerk.
More power to him but don't be bashing those that do the same as you!
Thugbama has to go!!! WTF is this? Kenya? oh wait . . . . .
Gee. I wonder if later the kids can give the money back?
Why doesn’t he give us all the greatest tax free gift possible....his immediate resignation?
The ‘C’ in Washington D.C. stands for ‘C’rooks. So it is Washington Der Crooks....
Anyone know how much they gave to charities?
A guy who thinks a family of four can't live on $162,000 a year probably reckons he needs those loopholes to survive. Without them he'll have to start subletting rooms in the White Hut.
what tax exemption is this?....I thought those gifts to children or adult children were NOT tax deductible for the giver?....
Yeah! Do as I say Not as I Do! Fing little Commie!
...............A guy who thinks a family of four can’t live on $162,000 a year probably reckons he needs those loopholes to survive. Without them he’ll have to start subletting rooms in the White Hut. ...................
Good point. You did notice that he also cashed in $2,968,000 of US Treasury notes (for almost no gain).
Must be expensive foe the Wookie to buy all those disgusting designer frocks and Gucci boob belts, even though he gets free housing, free food, free booze, free servant/slaves, free transportation, free vacations, free childcare.
I wonder how much there is left to steal from the White Hut this December for his Chitown digs, after Hitlery and Bozo cleared out the Smithsonian furniture warehouse and silver pantry in 2000.
Maybe there will be something left to send to his half brother for his cardboard box in Kenya.
This story makes no sense. If you give more than the limit you have to fill out form 709, but it looks like the Obamas' gifts were below the yearly limit so no tax form at all would have to be filed.
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