Experts: Palin Owes $25,000 In Back Taxes

WSJ:

Several tax experts said they believe Republican vice-presidential nominee Sarah Palin is required to pay federal taxes on $25,000 in reimbursements from the state of Alaska for her children's travel expenses.

The Alaska governor released her 2006 and 2007 tax returns on Friday, sparking a lively debate on tax blogs and among tax professionals over whether reimbursements and per-diem meal payments from the state should be subject to federal taxes. Since taking office in December 2006, Gov. Palin, whose state salary is $125,000 a year, received reimbursements totaling $43,500 for travel and lodging for her family in connection with state business. Of that total, $25,000 was for her children's travel and the rest was for her husband, Todd, the Washington Post reported.

Read the whole story: WSJ

Comments

[KarlaElisa]

owing 25k in taxes is different than owing tax on 25k.
the title of this article is misleading.

and i doubt this will resonate with the public either way. we have bigger ways to fry her, not to say she should not be targeted, but she won't.

the irs is funny that way.

[mamala4]

Interesting...she doesn't want to cut taxes for the population at large but she takes a tax break for herself....what's the matter Sarah, think you taxes are too high? What a hypocrite and an insult to the American public....she deserves to be on the ticket as much as Daffy Duck...

[TN]

She raised the state sales tax, she doesn't tell ya that one.

[HopeisEternal]

Patriot? Not!

[ccmd]

Because paying taxes in unpatriotic.

[teron678]

LOL

[vippy]

Typical case of "do as I say but don't do as I do!"

[ProgressiveThought]

No wonder why Palin thinks paying taxes is not patriotic. Palin is just being "joe sixpack" by not paying her taxes! Go get her uncle Sam!

[Fabienne]

As Dickens wrote of Pecksniff, Palin is like a direction post, always pointing which way to go but never going there herself.

[jimgilliamv2]

Another example of Palin being corrupt.

[bootcamp]

PalinMcCain has nowhere to go now but down. He can run away from President Bush, but he can't run away from the Republican Party. The Republicans will be regarded from now on as "the party that wrecked America." Over the weeks ahead, as carnage in the economy and the financial markets ramps up, it will become increasingly clear. It is important that this meme be spread through the internet. I urge all commentators to adopt and spread the idea that the Republicans are "the party that wrecked America." It will work because it is the truth. Use it freely. Just spread the word.