Should this not be “royalty income” reportable on Sch. E?
Hey, didn’t Lucky Luciano get deported for tax fraud back to Italy? Maybe we can deport Obummer similarly to Kenya!
Where’d Soros store all those books?
I’m sure IRS agents are being dispatched to Obama as we type.
Terrific Timmy Geithner told him to file the schedule C
RULES?!? WHAT rules? ..why I’m PRESIDENT, you fool!
I’m sure the President’s return was done by competent accountants, who know how such income and expenses are customarily treated.
Many technical aspects of tax accounting seem strange to someone who is not trained in the field.
How about that nobel peace prize money? We haven’t heard much about that or its legality either.
Royalties from writing books go on Schedule C. And they are subject to self-employment tax.
Well what do expect Charlie Rangel and Tim Geitner assisted him with filing the tax return. Charlie rangel writes the tax code and does not pay it and geitner refuses to pay taxes. So it is more of the same - but watch Obama will blame Bush - it it is all George Bush’s fault. Don’t do as i do, just do as i say - words do matter. Just words, What a Imbecile!
Profiles in Courage was ghostwritten.
Most of these sales were foreign. Hence all the overseas trips on Air Force One last year. Imagine how many he sold by going to Cairo, Istanbul and Ghana.
obama was not a constitutional law professor, although he did teach,
and john kennedy did not write profiles in courage. ted sorenson wrote
it. just a few quibbles.
And no AMT paid.
Obama: “Look at me I’m self-employed, I like to work at nothing all day.”
Sheesh no surprise there.