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Home Front: Culture Wars
How Obama spent his $1.4 million Nobel Peace Prize
2010-03-12
The President ended up giving it all away to charity, including a chunk to the Fisher House, a national non-profit organization that provides housing for families of patients receiving medical care at major military and VA medical centers.
Credit where due, although I wonder if we'd approve of the rest of his donations.
Posted by:Steve White

#10  I thought that gifts from foreign countries to POTUS were actually the property of the United States. In other words, it wasn't his to give away.
Posted by: Rambler in Virginia   2010-03-12 19:30  

#9  he whole $1.4 mil is shown there, so I assume Ms. Periwinkle is wondering about other donations.

I'm afraid I was lazy this time, Bobby, and did not read the article. Thank you for not letting me get away with it.
Posted by: trailing wife   2010-03-12 17:16  

#8  you guys crack me up. Tax consequences for Obama or anyone in his regime? LOL
Posted by: Frank G   2010-03-12 14:50  

#7  Doesn't he get income tax relief for making the donations? From money he didn't earn?

No, only if he disclaims the prize entirely. Since he had control over the money (ie., he made the decision where it's spent), the money is counted as income.

Posted by: Slearong Henbane8806   2010-03-12 09:18  

#6  I'm not sure how the tax law works here. Maybe he reports the $1.4M prize as income and takes the charitable donations on his Schedule A or maybe, since he is giving it all away, it never counts as income in the first place.

Anyway, he doesn't need the money. After he leaves the Presidency he will hire someone to write his (3rd) autobiography and take in $10M plus and then he can give make $2M/yr giving speechesand 'consulting' for various orgs.
Posted by: lord garth   2010-03-12 08:33  

#5  Doesn't he get income tax relief for making the donations? From money he didn't earn?
Posted by: AlmostAnonymous5839   2010-03-12 08:04  

#4  So I imagine Obama's 2009 tax return will show the Nobel as "unearned" income.
Posted by: ed   2010-03-12 08:03  

#3  --This is a 'drop in the bucket' compared to the billions(?) stolen from the coffers of this country..
Posted by: Tom--Pa   2010-03-12 07:27  

#2  He didn't give my people any money, so he's still a worthless loser.
Posted by: Nimble Spemble   2010-03-12 07:04  

#1  The whole $1.4 mil is shown there, so I assume Ms. Periwinkle is wondering about other donations. I'd say he did a good job with the Nobel prize, so I'm going to have to upgrade my opinion to "worthless loser who occasionally does something right."

That's better than a lot of folks ever gave W.
Posted by: Bobby   2010-03-12 07:00  

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