Sunday, August 16, 2009

Rahm-a-Jamma Taxin' Free!!

(Rahm is related to Ollie, who owned oxen.)

Rahm-a-Jamma, who is the personification of "FIB", has a couple of neat-o tax tricks up his sleeve, eh?

Here's one:

The Rahm Emanuel and Amy Rule Charitable Trust was formed in 2002, when the Chicago lawmaker was first elected. The former Clinton White House aide and his wife, Amy Rule, are its only donors. Emanuel was an investment banker after serving in the White House.

The trust reported having $2,900 on hand at the end of 2005 after receiving $34,000 from Emanuel and donating more than $31,000.

During the past three years, Emanuel's charity gave nearly $25,000 to the Anshe Emet synagogue and school [a private school that the Rahm/Rule children attend]..., and $15,000 to the foundation run by former president Bill Clinton. It also gave $14,000 to Marwen, a Chicago charity that provides art classes and other educational help to low-income children. Rule is on Marwen's board.

So....Emanuel writes off his donation to the "Charitable Trust," and then directs a 'charitable' donation to the Anshe Emet school--which donation allows his children to attend the school free of charge?

Well, maybe, and maybe not, but it's an interesting inquiry to pursue.

Next up: the PropTax question.

The Cook County Assessor's and Cook County Treasurer's online records indicate Emanuel's Chicago neighbors pay between $3,500 and $7,000 annually. However, Illinois Review has been unable to locate any evidence that the former Clinton advisor and investment banker is paying his fair share of Cook County's notoriously high tax burden.

Why wouldn't 4228 North Hermitage property owners Rahm Emanuel and wife A my Rule pay property taxes?

One reason may be because Emanuel and Rule declared their 4228 North Hermitage home as the office location for their personal non-profit foundation called the "Rahm Emanuel and Amy Rule Charitable Foundation". As the non-profit's headquarters, their home could be exempt from paying property taxes.

It could also be that Cook County lost the tax records, I suppose.

Seems that some enterprising reporter could have a bit of fun with this.

HT: McCain, the Winner

1 comment:

Billiam said...

Hey Nancy! How's that "Culture of Corruption" thing you were blabbering about working out? Hypocrites.