Obama Will Give Me An “A” For This One(Edited)

My Flag Flies Everyday

My Flag Flies Everyday

One of my good friends called me on this one. She pointed me toward Snopes. It turns out that Nancy Pelosi never proposed taxing 401K plans.  To see her entire proposal check it out on Snopes. In the meantime I’ve editied my post below to correct my mistake.



WOW! Taxes on the rich, the middle class, and the poor. Stimulus money galore, bonuses for the fat cats, Deficits going out of control, what else?  Nancy Pelosi recently said the following “…windfall profits and income created by the Bush  administration need to be taxed at 100% rate and those dollars redistributed to the poor and working class.”

Well my 401K is a part of this category of investments. If they are to be taxed 100% why have a 401K at all?

They were  set up so “we the people” could have a way to raise money for our own retirement. We needed the 401K because Social Security is not going to be here much longer. Worse yet, try living on SSA alone. You will have to learn to like cat food . Don’t be in such a hurry Nancy, we’ll pay taxes on the money, after we begin to use it. She wants to tax it as we go along. Like I said, why even bother to have a private pension fund?

The one thing I haven’t heard anything about is taxing campaign funds. Why not? The weasels are getting millions to spend. They use the money for all kinds of personal purposes other than running a campaign. Why did Blagojevich work so vigorously to build his fund?  If we have to pay, why not them too?  This is another case of our politicians forgetting who they work for.  Once they get a taste of money from outside interests they set themselves apart from the rest of us. They begin to think of themselves as demigods.
I think a Senator or Congressman should be taxed ninety percent on his salary, and campaign fund. In fact, I think that is being too liberal. They should work for one dollar per year, and be required to use campaign funds to pay off the deficit. They create the debt, let them pay for it.

Yep! Tax the campaign funds; it’s the best idea I’ve had today. .

Charity Begins At Home

My Flag Cries EverydayA very good friend of mine sent this to me today. I have to share it with you. I checked out the links they are legitimate.

Why doesn’t Rahm Emanuel pay property taxes???

According to the Cook County Assessor’s website, the Chicago home of four-term Democrat Congressman and new White House Chief of Staff, Rahm Emanuel, DOESN’T EXIST.  While the address of 4228 North Hermitage is listed as Emanuel’s residence on the Illinois State Board of Elections’ website, there seems to be no public record of Emanuel ever paying property taxes on this home.

The Cook County Assessor’s and Cook County Treasurer’s online records indicate that Emanuel’s Chicago neighbors pay between $3,500 and $7,000 annually. However,  Illinois Review has been unable to locate any evidence that the former Clinton advisor and investment banker is paying his fair share of Cook County’s notoriously high tax burden.


Why wouldn’t 4228 North Hermitage property owners  Rahm Emanuel and wife Amy Rule pay property taxes?  One reason may be because Emanuel and Rule declared their 4228 North Hermitage home as the office location for their personal non-profit foundation called the Rahm Emanuel and Amy Rule Charitable Foundation“.  As the “non-profit foundation’s” headquarters, their home could be exempt from paying property taxes!  Get a load of this . . .



In January 2007, “USA Today” reported on Emanuel’s foundation:
The “Rahm Emanuel and Amy Rule Charitable Trust” was formed in 2002, when the Chicago lawmaker was first elected. The former Clinton White House aide and his wife, Amy Rule, ARE ITS ONLY DONORS!  Emanuel was an investment banker after serving in the White House.  The trust reported having $2,900 on hand at the end of 2005, after receiving $34,000 from Emanuel and donating more than $31,000.
During the past three years, Emanuel’s “charity” gave nearly $25,000 to the Anshe Emet Synagogue (a private school that the Rahm/Rule children attend), and $15,000 to the foundation run by former president Bill Clinton. It also gave $14,000 to Marwen, a Chicago charity that provides art classes and other educational help to low-income children.  AMY RULE IS ON MARWEN’S BOARD.
So what does this mean?  It means he doesn’t pay any property taxes and he gets income tax write-offs by donating $25,000 to the synagogue and other amounts of money to his “Foundation”.  This allows HIS KIDS TO ATTEND SCHOOL TUITION-FREE and allows him to write off a lot of person expenses.  What a racket!  Take all your income and donate it back to yourself via tax exempt organizations where you can spend it as expenses to operate your car, pay the electric and water bills, etc.  I guess if you are a hypocritical liberal Democrat who advocates raising taxes on everyone else, this is all permissible. 
Emanuel’s home at 4228 is one of the largest in the neighborhood, with a side yard that appears to be a vacant lot, making the Emanuels’ property the largest portion on the block.  Other North Hermitage Avenue homes on Emanuel’s block are valued in the $500,000+ range . . . his home is valued at OVER A MILLION TAX-FREE DOLLARS (see it here at Zillow
Zillow Real Estate Search Results: 4228 North Hermitage.

 According to the Cook County Treasurer’s web site, the Chicago owners of nearby 118-year old 4222 North Hermitage pay almost $6,800 in real estate taxes annually.  The family at 4224 North Hermitage pays $6,000 each year in property taxes.  But the Rahm/Rule family and their bogus “foundation” pay NO PROPERTY TAXES AT ALL!
President Obama – himself a connected, Chicago insider who has benefited from questionable land deals (i.e., his Chicago home in Hyde Park, which was acquired with a little help from his buddy Tony Rezko) – may find it difficult to explain why his very own Chicago-based Chief of Staff doesn’t pay property taxes like the “little guys”.  Or perhaps allowing his wealthy friends to avoid taxes is part of Obama’s trickle down redistribution economics.  It’s certainly the kind of “change” we Illinoisians can believe in.  We’re quite familiar with it here in the federal indictment land of Blagojevich, Madigan, Jones, Cellini, Rezko, Kerner, Walker, Ryan, etc.


This may be legal, but is it ethical?


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