To Drop Out Of Buffett Rule Tax Backet The Obamas Hid Away $48,000 Tax Free For Daughters
Michelle Obama says that everyone should exercise and watch what they eat, except Michelle eats the worst out of them all, and just about everything she eats is fried!.
Obama says that we all must “pay our fair share” yet he and his wife have both given each of their daughters a $12,000 tax free gift, which totals $48,000.
What a scum sucking turd!
…President Obama and his wife, Michele, gave a total of $48,000 in tax-free gifts to their daughters, according to tax records made public on Friday.
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.
There is nothing illegal about the president’s taking advantage of this tax shelter, but it does raise eyebrows given that he has lamented the myriad tax exemptions used by the wealthy—“millionaires and
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