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Obama's 2007 Taxes Show $4 Million In Book Royalties

Barack Obama has released his tax returns for the year 2007: Total income of $4.2 million between himself and Michelle.

The overwhelming majority of the money, $4 million, came from royalties on his two books, Dreams From My Father and The Audacity of Hope.

The Obamas also donated $240,370 to charity, and paid $1.4 million in federal taxes.


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Yes but did he donate to the Obama Fund like the Clintons did?

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Well we know he gave his church at least $20K. The Clinton FOundation actually does some really great work around the world fighting poverty.

What, no pro-FTA lobbying group payoffs? I'm disappointed.

If he is going to be so bitter about it, maybe he shouldn't bother donating to charities at all.

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That didn't really work as a serious comment or a joke.

Writing and storytelling are just two of Obama's many talents.

He can also sing and dance!

(no, really, he can)

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So what?

Why won't he release his tax returns from 1983 to 1997? What's he trying to hide?

And why is he so shortsighted to give to multiple charities instead of creating his own foundation, like Clinton did?

And why are so many people buying the books of this elitist snob, anyway? What's wrong with the American public?

He's just a hypocrite. If he really cared about poor people he'd give his book away for free, and if he really cared about the environment, he'd put it online and save a whole lotta trees.

Change you can believe? Not on your life!!

/snarrrrrkkkk

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Bring the smelling salts, Maude - he actually made some money!

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Well, that just goes to show that he can't really be serious about poor people.

I remember a Greg Sargent post on the stupidity of a NY Times piece on John Edwards, in which the reporter concluded that John Edwards' fortune meant that he was being somewhat hypocritical in focusing on poverty.

And the inanity in this line of thinking (which I'm sure every Hillary supporter will immediately start following) is, of course, that a poor person wouldn't be hypocritical in being concerned about poverty, and, a poor person wouldn't be able to do squat about poverty.

So I expect we'll get a raft of comments about how all this money indicates Obama really is some sort of hypocrite.

I want this damn thing to be so over.

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What is even more insane about that line of thinking, is that a wealthy person working on poverty issues is somehow bad. So if a wealthy person does nothing about poverty that is better?

It is like the entire nonsense about "limousine liberals" as making a lick of sense. So a liberal who makes money (never mind in GOP think liberals do not make money, they are all deadbeats) and wants to do something about poverty is hypocrisy. Yet a person who becomes wealthy that does nothing about poverty is somehow not.

So in GOP-world and the chattering class, the poor are worthless because they are not go-getters and sponge off of welfare, those who become wealthy and want to help the poor are hypocrites, and the only people worth anything are the rich who have a I got mine you get yours" world-view, which is ironically the very antithesis of Christian teachings which they tried to wrap themselves in as being real Christians and liberals are godless scum.

Orwell seems to have been a glass is half full kinda guy by comparison.

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Actually it has been the Obama supporters going on and on about how Bill and Hillary can't care about anyone since they made 110 million dollars even though they went into the White House much poorer than the Obamas.

The more that Americans see of Hillary the more the do not trust her. An overwhelming majority of Americans now no longer trust her. They will not elect someone who they do not trust. She can not win in November.

Here is her latest, and all time high negative poll ratings. She is toast.

Clinton's Negatives at Record High
Poll Finds Majority of American Have a Unfavorable Opinion of Clinton
By JAKE TAPPER
PHILADELPHIA -- April 16, 2008 —


Democratic rivals Sen. Barack Obama, D-Ill., and Sen. Hillary Clinton, D-NY, will square off for the last debate tonight before Pennsylvania voters got to the polls next week.

Clinton is favored to win Pennsylvania, but a new ABC NEWS/Washington Post poll finds her support nationally has further declined.

Likely Democratic voters 51-41 percent say they want Obama to win the nomination -- his biggest advantage to date. Obama has also cleared the "electability" hurdle in Democratic minds -- 62% say he is more likely to win than Clinton.

In more bad news for Clinton, 58 percent of Americans polled said she is not honest and trustworthy. Obama beats her on this attribute by a 23-point margin.

"She flip flops on issues too much and seems like a professional politician whose goal is just to get elected at any cost," said Gene Louin, a Pennsylvania voter standing in line at Geno's Steaks in South Philadelphia.

Added Michael Gold of Westchester, PA, "I do not think Hillary is trustworthy -- not because she's a woman not because she's a Clinton -- not because she's a democrat but because she's a politician."


Clinton's Negatives Hit Record High
A record high of 54 percent of Americans have an unfavorable opinion of the New York senator, according to the ABC News/Washington Post poll.

Her husband, former President Bill Clinton's unfavorability rating is almost as high at 51 percent -- his highest level since leaving office.

"I love Bill Clinton but I'm not happy with the way he has conducted himself," said Mina Bannett of Cherry Hill, NJ.

If you leave out the books, Michelle made more than Barack did last year. Like by a factor of 2x.

I'm not sure why I find that interesting.

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So I expect we'll get a raft of comments about how all this money indicates Obama really is some sort of hypocrite.

Sure - they just pull those out of the troll handbook. I remember reading all that shit about Edwards in '04.

But if y'all think these guys are bad, spend the day with a Nader troll.

oy!

Hillary's new campaign song:

http://www.youtube.com/watch?v=o7_vX0JoEtM

I'm sure these tax returns will piss off many Republican/Hillary trolls hoping to discover he donated to Allah Akbar Tech or some such.

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Well the Obama's tithed to Trinity Church, which in their fevered mind is the same thing.

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That touches on what I was wondering - church tithes are not tax-deductible, are they? If the Obamas were tithing at the rate suggested by many churches, that means they gave away 20% of their income.

If not, something in excess of 10%.

Either way, not too shabby.

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You must not go to church. Donations to your church are tax deductible and most churches send you a form at the end of the year to use to help when you file your taxes.

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Politicians writing books to make their money has a long and honorable history. Winston Churchill wrote books to pay the bills. And I'm not surprised that Michelle's earnings (salary-wise, anyway) are double Barack's...she's either a partner or a high level associate in some tall-building law firm in Chicago, isn't she? That's a typical salary for anyone in a similar position in any of the bigger cities in the country.

Also:

Obamas' largest charitable donation was $50,000 to the United Negro College Fund.

/umbrage

Unbelievable! Imagine if a white candidate's largest charitable contribution had been to the David Duke College Fund! They'd be considered a racist! Curse you double standards!

Finally, looks like she did well with Wal Mart.

Why didn't he release the rest of them like she did?

Rezko?

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Are you on crack?

I don't do drugs like Obama.

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Then you don't have the excuse of inhaling (ala Clinton) for you incoherent non-reality bullshit, glad we cleared that up.

Some digging on Google quickly turned up this random discussion on the Yahoo Finance boards:

Michelle Obama also earned $51,200 in fees from her work on the board of directors of Westchester-based Treehouse Foods, a wholesaler of pickles and other specialty food products

Excuse me, but isn't Treehouse Foods WalMarts largest supplier of pickles? Looks to me like the Obama's "chickens have come home to roost"?

So apparently the intended issue is that while the "Obamamaniacs" have been criticizing Clinton for sitting on the corporate board of directors of Wal-Mart for eight years, meanwhile from 2005 to May of 2007 Michelle Obama was apparently aiding in supplying Wal-Mart with... pickles?

Personally I think the real question here is, why does gotalife hate pickles?

Anti-Semite. Everyone loves a good kosher pickle.

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I was thinking that might be what the mental midgets might be trying to hang their hat on, so working for any company who sells retail goods that WalMart sells makes the person working for the manufacturer evil and a hypocrite?

That's like saying someone who worked in accounting for Jelly Belly candies is a hypocrite if they attack the disaster of Reagan supply-side economics.

Delusional guilt-by-Kevin-Bacon blather.

Here's a new biz plan:
1. write a book, any book, something about my dad perhaps
2. run for prez in 2012
3. Profit

any takers?

I contributed some small change to that tidy some by buying multiple copies of "Dreams from My Father" for friends. I also bought "The Audacity of Hope," but not several copies.

While "The Audacity of Hope" was probably one of the better book-length political statements out there by an elected official, "Dreams from My Father" is a true masterpiece, written when he was in his early thirties (came out in 1995, when he was 34).

It is far-and-away one of the most engaging, complex, subtle, thoughtful, questioning, empathetic, self-critical, page-turning memoirs I've ever read. It's what got me behind Obama. I saw his 2004 DNC speech; thought, "yeah, pretty good," so I bought his book. That's what knocked me out. That's how I became convinced that he was a total person, arriving fully formed, wise beyond his years.

Honestly, people, if you have not yet read "Dreams from My Father," you do not know Barack Obama. And if you think you know and love him now, wait till you read the book; it will kill you with how deep-down great and good he is. It is what got me through the Rev. Wright hub-ub: I already knew that Barack had a complex relationships with Wright, full of misgivings and contingencies. And the notion that Barack is racist or elitist or condescending or lacking in humor is demonstratably absurd when you read is youthful journey through multiple cultures and ethnicities and geographic settings and venues of learning.

Make next year's returns even more impressive: buy his book!

I'm as big an Obama supporter as there is, but does anyone else find it odd for a 34-year-old to write his memoirs?

I have to read those books.

Yeah, imagine, his memoir was before his presidential campaign. Heck, he's probably got enough material just from the past year for another book.

Less thank Hillary loaned her campaign.

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Make next year's returns even more impressive: buy his book!

Now I want to read it.

I don't know how I feel about someone writing their memoirs at that age. I guess my feeling about it is - if you have a story to tell, it wants told, no matter how old you are.

"Dreams from My Father" is about growing up, going from a completely disjointed and poor childhood in Honolulu to Harvard Law, with an amazing array of hard and beautiful (and hilarious) experiences all over the world in between.

Why a 34 year old can't write about his childhood and youth is odd. People too often confuse "autobiography" with "memoir." You know better than that, HusseinTenaX!

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Jesus Christ, Obama clearly states his intent in his "bitter" comment...Hillary: uh, well, religion isn't something people turn to because of Washington politics.

What a tool.

If he made all that money off a book inspired by his pastor, then clearly the Rev. Jeremiah Wright didn't hurt Obama all that much.

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You are right, Wright has not, and does not harm Obama. Only in the fevered minds of GOP hack (and those parroting them) is it an issue at all.

This debate has been the biggest load of bullshit. As Andrew Sullivan has pointed out, we're more than half-way through and it's been 100% got'cha crap.

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Why did Obama write "Dreams of My Father"? You will know why if you get the book and read the intro. A publisher came to him [after Obama became the 1st AA President of the Harvard Law Review] and offered to underwrite a book if Obama would write one.

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