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Tuesday, October 7, 2008

Is Sarah Palin cheating on her tax returns?

The Wall Street Journal has raised some troubling questions regarding Gov. Palin's 2006 and 2007 tax returns.

Apparently, Sarah Palin received $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.

There are also questions about $17,000 in per-diem meal payments Gov. Palin also accepted.

Some tax experts believe the Alaska governor should have reported at least a portion of the family travel allowances received as income. In these cases, tax opinions would most likely be based on the questions of whether Todd Palin and the children were employees of the state of Alaska, whether they were traveling for bona fide business purposes, and whether they would have been able to deduct those travel expenses on their own tax returns for business purposes.

On the surface, the answer to these questions would seem to be "no," although, I suppose, Sarah Palin might have had husband Todd on the state payroll. Some believe you could make an argument that her husband had to travel with her because it was required for spouses to be at the various functions. Nice job if you can get it, eh?

In the case of the children, however, this seems to be an open and shut case of abuse of the tax system. What this boils down to is that maverick and self-proclaimed political reformer, Sarah Palin, expects the American taxpayers—yes, including all those Joe Six-packs—to subsidize through the tax system the travel expenses of her children to the tune of $25,000 in one year.

Truly appalling.

Read the full story here.

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