Does Anyone In Obama's Administration Pay Taxes?

[peternap]

    NEWS broke last week that Rahm Emanuel, now White House chief of staff, lived rent- free for years in the home of Rep. Rosa De Lauro (D-Conn.) - and failed to disclose the gift, as congressional ethics rules mandate. But this is only the tip of Emanuel's previously undisclosed ethics problems.

    .....

    Emanuel never declared the substantial gift of free rent on any of his financial-disclosure forms. He and De Lauro claim that it was just allowable "hospitality" between colleagues. Hospitality - for five years?

    Some experts suggest that it was also taxable income: Over five years, the free rent could easily add up to more than $100,000.

Of course it is taxable income.  Anyone can give anyone up to $10,000 a year tax-free, but "gifts in kind" are still required to be reported and are taxable.  If it is really $100,000 worth it exceeds the giftable amount and is subject to tax, just as certainly as it is if you get a chauffeured car and driver (aka Daschle)

What's worse though is this:

More
http://market-ticker.denninger.net/archives/807-Does-Anyone-In-Obamas-Administration-Pay-Taxes.html

[Windpower]

It's OK, he is a dual citizen

wink, wink, nudge, nudge