Obama Takes Advantage of Tax Shelters, Then Returns to Criticizing Tax Exemptions Used By Wealthy

Doug Powers by Doug Powers on April 15th, 2012

This is article 565 of 1015 in the topic Obama

I’m guessing Obama doesn’t care about the messaging contradiction presented by this:

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 billionaires” like himself—to pay less in taxes.

Meanwhile, Joe Biden led by example on charitable contributions. By the way, the Secret Service paid the Bidens about $21,000 last year.

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