Really. You've GOT to be kidding me.
Early last week former Secretary of State/former Senator/former First Lady of the United States, Madame Hillary Rodham Clinton, had the audacity to say that when they left the White House that they, meaning her and her husband and all his mistresses, were not only broke but in debt.
Digest that a minute. Chew on it before you choke. Don't laugh or some may spill out on the floor. Much in the same way William Jefferson Clinton stood there under oath during his impeachment and wanted us to define "is" versus "was" in regards to whether he was banging his intern, one must ask Hillary to define "broke" and "in debt". Most people I know get by on a combined income between spouses of under $70,000 a year....WAY under.
USA Today estimated in 2013 that Bill Clinton had a net worth of $55 million and counting. The former president makes millions of dollars a year in speaking fees. More recent estimates put his net worth at $80 million and he and wife Hillary's combined net worth anywhere from $100 to $200 million.
Pretty much everyone I know would dearly love to be as broke as the Clintons were when they left the White House. I had a problem with my car this week and wasn't quite sure what it was, and the mechanic down the street came & got it & took it to his shop to diagnose. I spent the bulk of my vacation this past week around the house, not wanting to go anywhere and spend money I didn't have to spare if my car needed something major done. I have no cushion for emergencies because despite all the rosy economic news the White House feeds their pet monkeys in the Lamestream Media, my employer keeps cutting hours while gas prices and food prices and utility prices continue to creep on up. I know damned well I'm not the only person feeling the money pinch in ObamaLand. The only people doing well are Limousine Liberals and those on welfare, who eat better than I do.
Under the Former Presidents Act, the Secretary of the Treasury pays a taxable pension to a former President. Former Presidents receive a pension equal to the pay that the head of an executive department (Executive Level I) would be paid, as of 2014 $201,700. The pension begins immediately after a President's departure from office.
Transition funding for the expenses of leaving office is available for seven months. It covers office space, staff compensation, communications services, and printing and postage associated with the transition. Private office staff and related funding is provided by the Administrator of the General Services Administration. Persons employed under this subsection are selected by and responsible only to the former president for the performance of their duties. Each former president fixes basic rates of compensation for persons employed for him (or her), not exceeding an annualized total of $150,000 for the first 30 months and $96,000 thereafter.
So, right after they left the White House, wealthy Clinton pal Terry McAuliffe (now magically the Governor of Virginia) ponied up to get Bill & Hill a $1.3 million dollar loan to but their $1.7 million mansion in Chappaqua, NY so Hillary could run for Senate. Oh yeah, Hilly has that Senate pension package combined with her pension from her years as Obeezy's alleged Secretary of State. You know, back when she and Obeezy left four Americans to die in Benghazi and blamed a YouTube video, then said "What difference does it make?"...but that's a blog for another day. Like I said above, most of us would dearly love to be as broke as the Clintons were when they left the White House.
Show up, say a few aw-shucks-huckleberry folksy anecdotes, leer at a few coeds, and pocket 200 grand each time? Yes, please. Attach your name to a ghost-written tome of liberal propaganda and pocket seven figures? Yes, please, all day long. Because y'all were broke, and had a baby girl to send to college, right? Because unlike your kid who toils away working at The Dollar General or waiting tables at Hooters while attending the local community college, that wasn't an option for Former First Offspring Chelsea Victoria Clinton. She received an undergraduate degree at Stanford University and later earned master's degrees from Oxford University and Columbia University's Mailman School of Public Health, and a D-Phil from the University of Oxford in 2014. Seriously? A freakin' doctorate in philosophy in this day & age? How stereotypically liberal. Almost as useless as an art history degree, found on the wall of every loft and studio flat occupied by a Starbucks frappe-flinger.
Plus, they had to stockpile money against things like future lawsuits and rape defense cases against Bill, and for little Chelsea's eventual wedding. Because while not as much of a filthy spectacle as the Kanye Kardashian bacchanalia, they still dropped FIVE MILLION on the wedding of their only progeny. We left the White House broke, and still put on a five million dollar wedding.
Chelsea Clinton hasn't been on NBC News for FOUR months but still earns $50,000 a month even though the show she was on, Rock Center, was scrapped. It's reported that she makes $600,000 a year from NBC as a special correspondent. By comparison, her salary is higher than both of the last two editors of the New York Times. The paycheck comes in handy, since she and her husband are expecting and just bought a $10.5 million apartment next to New York's Madison Square Park last spring. I'm sure from those lofty heights she can look down at all the homeless veterans sleeping on steam grates. At least until they install spikes to keep the homeless away. But Chelsea is also a landlord of sorts iin her own right since seemingly Bill & Hill rent their mansion from her.
It seems Bill and Hillary Clinton have been using a sketchy, dodgy, but legal tax loophole to evade the so-called 'death tax' that they both worked to raise, according to news reports published on Tuesday.
In order to shield all that newly-minted wealth from the federal government's rapacious tax collectors at the IRS, they're ducking the inheritance estate tax using a financial planning strategy to shift ownership of their houses to a private trust, and then to Chelsea.
This leaves them free to reap the tax advantage of making such a generous gift before they die, while they rent the property back from her at a bargain price.
The shell game will put any increases in the properties' value, the capital gains, outside of their estates, and therefore out of the IRS's reach when they die. It will also exclude most of the homes' values from the IRS's calculation that will determine how much of their estates is taxable.
Now, normally, I can almost applaud screwing the IRS out of taking half of everything you will to your kids after you die. I mean, you bust your ass all your life and want to give it to your kids or dog or some waitress with big cans at the corner diner when you shuffle off your mortal coil, and the revenue vultures wanna come pick you clean and take half to fill their empty coffers, empty because they keep doling out benefits to Democrat voters and illegal aliens and the Taliban. So, yeah, normally I'd applaud getting around the IRS on your death bed, but see the Clintons helped put these vulture laws into place. In their political lives, both Clintons have advocated for narrowing the loopholes that they are now leveraging.
In August 2000, shortly before he left office, Bill Clinton vetoed a congressional bill that would have eliminated the estate tax. He insisted that Congress should 'proceed on grounds of fiscal responsibility and fairness' instead.
Hillary has been more direct, arguing during the 2008 presidential campaign season for a change in federal law that would expose more of wealthy Americans' estates to the tax man.
As usual, limousine liberals talk a great line about taxing people and fairness, while they amble back to their palaces and their army of accountants and tax lawyers that help them stay rich....clowns like John Kerry, or Michael Moore, or Al Gore, or even that useless turd Bloomberg.
I hope all this stuff comes back to haunt you, Hillary. You think you're entitled to be President. You're just another elitist one-percenter, a scumbag liberal, and are not to be trusted. I've been saying that since 2007 when I chronicled some of your shady dealings, but I made the mistake at the time of joking "anyone but Hillary" not realizing we'd be stuck with Obastard for 8 years. This nation simply can NOT afford to put you in office.