Comeuppance for Palin

[ejbr]

I am really starting to enjoy how Palin's decision to campaign for vice president is turning out for her. First, her hypocrisy of having a pregnant teenage daughter rears its head, then the Bridge to No Where fiasco, then the God-awful interviews, now her lies are being exposed and popularity waning. However, when she loses this election, and she will, it looks like she will have regretted the effort for another reason as well: the review of her tax returns!

Source: http://thecaucus.blogs.nytimes.com/2008/10/06/questions-linger-about-palin-taxes/">New York Times

...One big issue that tax attorneys are pointing to is the fact that the Palins did not report as income the $43,490 that the state gave the family to cover travel expenses for Mr. Palin and the Palin children. Had the Palins reported these payments as income, the couple would have had to pay taxes on it.

snip

Bryan T. Camp, a tax law professor at Texas Tech University School of Law, said “There is no suggestion that either Todd or the kids are employed by the State of Alaska. Maybe they should be.” Mr. Camp added “The issue is whether Palin gets the $43,000 tax free – no income tax, no Social Security tax, no Medicare tax, not a dime.” His conclusion: The payments are taxable.

So if that is the case, how much might the Palins owe? Mr. Bogdanski said that, at the least, the family should have reported the $24,728 in children’s travel reimbursements. He calculates a tax bill of $6,000, based on a tax rate of between 25 and 28 percent. There would also be additional interest payments since last April 15.

oops! There are even questions about the snowmobile "business" that they take deductions for.

Okay, which is worse: a passing exchange with a reformed "terrorist" or cheating on your taxes (as a public official no less!)?

[vi5]

1. The only comeuppance that matters is that they lose...

..and we still have 5 weeks to go before we know if that happens.

For some reason every positive poll for Obama gets me more nervous since her and McCain and their minions are like cornered animals and that's when they're most dangerous.

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2. I'd like to see: