The First Lady wore Katie's Lotus cuff priced at $15,000 with 2.9 carats of diamonds, her Gothic cuff at $15,350 with 2.17 carats in diamonds and the Quatrefoil bracelet at $11,800 with 1.73 carats in diamonds.
They shiver and coo their awed, tacit approval over this -- yet scold Sarah Palin for her (alleged) $20K or whatever worth of campaign wardrobe. My Gawd, their hypocrisy knows no bounds.
posted on 09/21/2011 6:59:08 PM PDT
(We're not scared, Maobama -- we're pissed off!)
The IRS rule for public officials is that gifts - including LOANS - of items that benefit the designer or the public official requires payment of taxes by the public official on those items. The IRS came down hard on Ronald and Nancy Reagan over some of Nancy’s dresses that were loaned to her.
posted on 09/21/2011 7:16:57 PM PDT
(Zombie Hunter Hobbit)
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