I am neither an Obama supporter or detractor...but everyone is making wrong assumptions here.
The article says, “By far the largest account, valued between $1 million and $5 million, was in the Northern Municipal Money Market Fund. It generated tax-free interest in 2007 of between $15,001 and $50,000.”
This is an account anyone can buy - it is a money market account that returns between 2 & 4% using gov’t and municple bonds. Whenever anyone - whether they are wealthy or poor - invests in these types of bonds, they don’t pay any income taxes. Obviously, most people don’t because the return is so low.
So before villifying the guy, and trust me there are many things he believes could be, his very conservative investment strategy shouldn’t be one of them. His investment fund has increased not from investment return but from his book sales.