Creator of Freddie Mac’s Home Possible goes to FHA ( The Creator of Housing Blue Print bubble???)
WHere are the Stones of the GOP. Silence on this stuff in the media. They should be raising hell with all this corruption!!!!!!!!!! Does the GOP still exist?
ping for later
I also think that someone needs to point out that what is going on is nothing but a huge 'SNAKE OIL' sale by the BHO administration and the Democrat Congress.
I also think that we need to start a protest about ACORN giving back the taxpayers money. They are nothing but a Political Arm of the Democrat Party. Therefore the money they received was unconstitutional.
If AIG had to give back their bonus money then anyone that profited before or after from any TARP or Stimulus must return it to the taxpayer.
hy doesn’t Rahm Emanuel pay property taxes?
February 23, 2009 · 10 Comments
http://gto7.wordpress.com/2009/02/23/why-doesnt-rahm-emanuel-pay-property-taxes/
Why don’t we all do this!!!!
Rahm Emanuel’s home
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 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’s headquarters, their home could be exempt from paying property taxes.
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 and school [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. Rule is on 20 Marwen’s board.
(He doesn’t pay any property taxes and he gets income tax write-offs by donating $25000 to the Synagogue and other amounts of money to his Foundation. This allows his kids to attend school tuition-free and allows him to expense a lot of personal expenses. What a racket!
Take all your income and donate it back to yourself via tax exempt orgs where you can spend it on 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 4228 North Hermitage home is one of the largest in the neighborhood, with a side ya rd that appears to be a vacant lot, making the Emanuels’ property the largest portion on the block.
Other North Hermitage homes on Emanuel’s block are valued in the $500,000 plus range. According to Cook County Treasurer’s website, the Chicago owners of nearby 118 year old 4222 North Hermitage pay almost $6800 annually. The family at 4224 North Heritage pays $6000 each year in property taxes.
President Obama - himself a connected, Chicago insider who has benefited from questionable land deals - may find it difficult to explain why his very 20 own Chicago-based chief of staff doesn’t pay property taxes like the “little guy” he claims to represent. 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 Illinoisans can believe in…since we’re quite familiar with it here in the federal indictment land of Daley, Blagojevich, Madigan, Jones, Cellini, Rezko, etc.
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Bookmark. Thanks for posting this article.
Damn! A bunch of crooks running this country. Egads!
btt
Kleptocracy.
BTTT!!!!
bttt
Is there a post dealing with JUST this subject?
Bump