Obama's 2007 tax return released

[pkz]

just heard on NBC Nightly News

Obama released his 2007 income tax and has reproted income of 4.9 million

from his book sales

maybe that will prompt the Clintons to show me the money!!!!

[anonymous171]

1. I need to write a book.

[pkz]

3. I got one started

but it has been "started" since 1985

[melody]

5. I've written twenty books -- trust me, the average writer doesn't earn that

I make about what an average first-year teacher makes.

[Bucky]

11. You certainly have the right name for being a famous author.

I think I'd shorten it, tho--maybe drop the three digits at the end, and for God's sake capitalize it! You're no e e cummings.

[BeyondGeography]

16. and simultaneously run a high-profile campaign for President

(me, I'm keeping the day job.)

[DAGDA56]

22. Oh, WRITE a book! I saw "book sales"and was about to apply for a job at Borders.

[flpoljunkie]

2. Four million came from sales of his two books, Dreams From My Father and The Audacity of Hope.

[jsamuel]

4. Omg, so how do all those attacks on the Clintons and Edwards look now?

[anonymous171]

7. 109 million>4 million. By a lot.

[jsamuel]

10. ok, but that is over like 8 years right?

And Edwards net worth for his entire career is 24 Million or something like that.

[Bucky]

13. Quick, multiply 4 times 8.

it's still < 109

[jsamuel]

18. 4 x 8 = 32 Million which is definitely less than 109 Million

but when you are comparing 32 million to 109 million, the degree of difference isn't really much

[Diamonique]

24. There's no comparison

Obama's first book was written over 10 years ago (or something like that) but only began to sell big recently.. when he became a household name. That's when he also wrote the second one. He might eventually pull in the kind of money that Bubba has made on his books, but he's got a loooong way to go before he can get there.

Actually I say more power to all of them. If I could make that kinda cash writing, I certainly would.

[Bucky]

31. Yeh, but if you made that kind of money...

wouldn't that make you an elitist?

[cali]

21. bzzzt. wrong. JE is worth well over $50 million

and he hasn't practiced law in over ten years. Hedge Funds can make you a lot of dough- if you have a lot.

http://money.cnn.com/galleries/2007/moneymag/0712/gallery.candidates.moneymag/2.html

[melody]

8. I defended Edwards ... Edwards didn't call anyone "elitist"

THAT'S the problem with Hillary.

[anonymous171]

17. That's because Edwards was a true democrat who despised the GOP and their tactics

[TheDoorbellRang]

9. What do you mean? n/t

[DerekJ]

6. Elitist!!

:P

[bigwillq]

12. Oh my, another rich politician

how about that?!

:P

[OzarkDem]

14. Remember Jim Wright?

http://en.wikipedia.org/wiki/Jim_Wright

It all seems so trivial now...

[intaglio]

20. Remember Bill Clinton, OzarkDem? n/t

[OzarkDem]

26. What is your point?

Are you familiar with the Jim Wright story?

[PBS Poll-435]

29. Apparently not...

[rodeodance]

15. umm. I heard he made 4.2 million last year (3.9 from books)--brian williams

[ProSense]

19. AP article

Obama reports income of $4.2 million in 2007 tax returns

By BETH FOUHY, Associated Press Writer 3 minutes ago

PHILADELPHIA - Democratic Sen. Barack Obama reported $4.2 million in income in 2007. The presidential candidate released his tax returns on Wednesday. He said his adjusted gross income was around $4.2 million, with $4 million coming from the profits on his two books — "Dreams From My Father" and "The Audacity of Hope." His Senate salary is $260,735.

Obama paid federal taxes of $1.4 million. Charitable contributions were $240,370.

The campaign released the returns just hours before a candidate debate.

Hillary's turn.

[PBS Poll-435]

27. Um...GOD OUR PRESS SUCKS

His Senate salary is $260,735.

Umm... No it isn't.

Unless he has been working 'overtime.'

:rofl::rofl:

[LisaM]

23. The Clinton's $109m was for two people (mostly Bill)

So if you are going to compare Hillary to Obama, you need to split the 109 in half, then divide by 8, which makes her "share" 6.8 million. So there you go.

I'm not sure what Bill's percentage of their earning was, but say it's 75%. If so, Obama actually earned more than Clinton did!

Now we'll talk about the charity angle. Did he donate 10% of it to charity? (Actually, I am playing devil's advocate here, because in my perfect world, we wouldn't need to donate to charities, the government would help its own).

[anonymous171]

25. LOL. Fuzzy Math.

[mckeown1128]

28. wow you suck at math.... 6.8 million is bigger than 4 million...

and you forget about Micheles salary.

[LisaM]

30. No, I don't suck at math. I said IF BILL EARNED 75% of the money

Then her "share" (this whole conversation is ridiculous anyway) for last year would be 3.4 million, which is less than 4.6.

In other words, Obama himself earned more than Hillary herself last year. Which, if he earned 4.6 million, he probably did.