Hillary's Assets and Liabilities

[hogwyld]

From Ben Smith at Politico...


A few notes on the Clinton tax returns, all noted by readers who have more eyes than I do.

First, a couple of things that could bite Hillary:

The returns show more than $50,000 in income (and $40,000 in losses) in 2006 from funds with the name Quellos, an asset manager accused in a scathing bipartisan 2006 Senate committee report of structuring "tax shelters."

The 2006 return also contains a foreign tax credit worth $285,368, which could be an issue in a race that has been hostile to the notion of overseas jobs — though the details of that figure (line 47 of the 1040 from 2006) aren't immediately obvious.

On the other hand:

A number of readers have e-mailed to say the Clintons' charity is ersatz, as it went to their family foundation. In fact, the foundation was giving the money away to a range of groups; you can see the foundation's 990, which has been written about before,

http://www.politico.com/static/PPM43_080404_clintonfoundation2006.html

Seems like some of their charitible contributions are to their own charity with Bill, Hillary, and Chelsea as the overseers. Hmmmm.

[lumberjack_jeff]

1. I don't see your point.

Why is the Clinton foundation an unworthy charity to which to donate?

If I were going to donate $10m, I'd do what I could to direct its causes too.

[Hepburn]

2. Charitable foundations have paid positions, so I am real curious about...

...the 990 and who is drawing a salary.

[malik flavors]

I'm curious to know if all 10 million of it got donated or if some stayed with the foundation

[Whisp]

3. Hillary's asshat is Bill. nt

[Maddy McCall]

4. So what? Are you accusing them of misusing foundation funds?

[The_Casual_Observer]

5. Oh brother.

[Catherina]

6. I noticed something weird about that too. Just printed off their returns

and will be having fun with them this weekend. Quellos jumped out very clearly.