The Homa Files

According to the WSJ, Team Obama (Barack & Michelle) reported $6.8 million income in 2007 ($4.1) and 2008 ($2.7) …  “mainly from book sales”.

I think it’s fair to say that if Obama had not been selected to give a speech at the 2004 Democratic National Convention, his book sales would have been statistically insignificant.

In other words, his book earnings are, by definition, a windfall.

Why not tax them at windfall profits rates — say 90%, Barney Frank’s favorite number?

Obama has an grand opportunity to lead by example.

Makes sense to me

Source article:
http://online.wsj.com/article/SB123983002234522435.html

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This entry was posted on April 16, 2009 at 7:50 am and is filed under Obama Administration, Taxes. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.