Free Republic

According to financial disclosure reports, President Obama has an estimated net worth of $7 million dollars. Since he was worth $1.3 million in 2007, that makes the millionaire 438% more wealthy than when he first ran for office... While the average US citizen has a median income of roughly $51,000, Obama rakes in the cash with an annual presidential salary of $400,000. In addition, he receives money from book royalties and other investments. Hypocrisy isn’t a stranger to the liberal elite. Michael Moore’s fifty million dollar fortune came from creating documentaries that makes free enterprise look like the same as...

During the time that President Obama has been in office, he has earned some $2,711,340 from foreign sources. That’s 30.1 percent of Obama’s total income during that time. During that period, Obama forked over $87,429 to foreign countries. Most of that cash comes from book sales. That’s an inordinately large amount of money coming from overseas – far more than the typical American, certainly. And the question becomes whether President Obama is outsourcing his book sales. After all, why not pay American tax rates on that income? Why not ship from the United States, rather than printing abroad?