Saturday, August 11, 2012

Obama Dodged Taxes On $400,000 Tony Rezko Gift, Former Associate Claims

Now that the tax returns of presidential candidates are fair game, thanks to Senate Majority Leader Harry Reid, should Barack Obama respond to a credible accusation that he dodged taxes on a $400,000.00 gift he allegedly received from his now imprisoned friend, campaign contributor and next-door neighbor, Tony "The-Slum-Lord" Rezko?

That's the question being asked by AmericanThinker.com in reference to a story initially published by IllinoisPaytoPlay.com back in February of 2012 that has gotten far too little attention outside of the blogosphere.

According to IllinoisPaytoPlay.com, Rezko's former business partner, Daniel T. Frawley claimed in a number of emails and conversations with Robert Cooley, a "former Chicago mob lawyer turned government informer," that he gave Rezko $400,000.00 to give to then-Senator Barack Obama.

Now that Frawley is scheduled to start serving a one-year sentence and Frawley's "pro-bono attorney," Thomas Durkin, has recently been nominated to be a federal judge, AmericanThinker.com thinks it's time to start asking some questions. You can read the rest of the story at AmericanThinker.com and the original story at IllinoisPaytoPlay.com.

8 comments:

  1. Well, just do it, and do it NOW! Stop talking about doing it and get it done! PLEASE.

    Time to make obama start facing his own music and time for him to start getting caught and made to pay for his crimes. Way past time!

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  2. Why Pussy Foot Around ? Tony Rezko does not give GIFTS he only gives BRIBES !

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  3. I am NOT defending Obomo, but the federal gift tax is paid by the giver not the giftee.

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    Replies
    1. Where in the tax code is that? I've never heard of a giver paying a tax, it's always the recipient.

      Delete
  4. Any gift ( BRIBE) over $10,000 must be declared as such on your 1040 tax form and if such is the case on your state tax return form !

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  5. The $10,000 now $13,000 is the annual gift and estate tax exclusion and is not subject to individual tax by the donee and not deductible by donor. The $400,00 would probably be illegal under political campaign contributions. Remember the $300,000 debt forgiven by James McDougal to Bill and Hillary Clinton. If one receives forgivness of debt and individual is solvent it is subject to Federal and State individual income tax. That is one alledged issue the attorney probably committed suicide because Hillary would not include in tax return.

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  6. Daniel Frawley is demonstrably mentally unstable. He has had psychological and behavorial problems since he was a small child.

    Zero credibility there.

    ReplyDelete
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    ReplyDelete

Posted By: Chris Carmouche