"Only dull people are brilliant at breakfast" -Oscar Wilde |
"The liberal soul shall be made fat, and he that watereth, shall be watered also himself." -- Proverbs 11:25 |
John McCain defended the Republican National Committee’s decision Thursday to spend more than $150,000 dollars on clothing and accessories for running mate Sarah Palin.
“She needed clothes at the time,” McCain told a group of Florida reporters.
The Arizona Republican said that the clothing will be donated to charity and that there was nothing unusual about spending the committee’s money on Palin’s look.
“They'll be donated at end of this campaign. They'll be donated to charity,” McCain said.
“It works by her getting some clothes when she was made the nominee of the party and it will be donated back to charity,” he added. “It works that the clothes will be donated to charity. Nothing surprises me.”
Sarah Palin can't accept $150,000 dollars in goods, use them, then later give them away to charity and not pay taxes on the gift she received. By the time she gives them away to charity, they're used clothes - and worth about 1/3 of their original value. So, sure, she can take a tax deduction on the $50,000 in clothes she's giving away (a savings of perhaps $15k or so), but she still has to pay $50k or so in taxes on the $150,000 gift she received in the first place. That means Palin will owe $35,000 net in taxes due to her big shopping spree at Neiman Marcus and Saks. And the Republicans can't help her pay for it, or she'll be paying taxes on their help as well.
Of course, Palin is no stranger to failing to report her taxable income - she did the same thing while serving as governor of Alaska.
Labels: just another outrage, Sarah Palin
And for the same prices!
Here's a great picture. The kid -- the pre-teen -- has a handbag that costs more than every handbag I have ever owned combined. I'd have to do the math, but that might include briefcases and laptop bags.
First priority is paying my house taxes, since I can't afford the $1500 rent in my part of the country, second is food for me and my two young adult, not health care covered, college age children, third is house and car insurance, fourth is electricity, fifth is water, sixth is, ugh, oil heat, then gas for the car to get to work(s) as I have more than 1 job (and yes, my children help but I don't want them not to save as they will have college loans and other costs to start their lives).
Forget a car or house repair (which I dearly need) it ain't happening.
I told someone the other day that I was considering becoming a pirate or a hooker and they were horrified. Well, guess what? I never thought that I would have to do it, but what are my choices?