October 16, 2011
itsamusicalconspiracy: nomosshere: HT to Mr. Reynolds Actually… Obama would be in the top 5%. He isn’t super-duper rich. He is just up there. He, and other presidents, are part of the lesser-super rich x] He wasn’t always rich either.  His grandparents were well off, his grandmother was a bank Vice-President.  The President was doing rather well on his own, prior to becoming President, he had a household income of a half million dollars a year, which is pretty darn respectable.  He also had a $300,000 debt to go with it, from living well beyond his means.  The money started rolling in when his political star started to rise.  Funds from book sales alone took care of the debt. The paragraph about he will rake in the cash after he is President is pretty much spot on.  He’ll make money hand over fist (see Bill Clinton as an example), and use the loopholes in the tax code to make sure he keeps a larger percentage than people who made less than half of what he did prior to moving into the White House.

itsamusicalconspiracy:

nomosshere:

HT to Mr. Reynolds

Actually… Obama would be in the top 5%. He isn’t super-duper rich. He is just up there. He, and other presidents, are part of the lesser-super rich x]

He wasn’t always rich either.  His grandparents were well off, his grandmother was a bank Vice-President.  The President was doing rather well on his own, prior to becoming President, he had a household income of a half million dollars a year, which is pretty darn respectable.  He also had a $300,000 debt to go with it, from living well beyond his means.  The money started rolling in when his political star started to rise.  Funds from book sales alone took care of the debt.

The paragraph about he will rake in the cash after he is President is pretty much spot on.  He’ll make money hand over fist (see Bill Clinton as an example), and use the loopholes in the tax code to make sure he keeps a larger percentage than people who made less than half of what he did prior to moving into the White House.

(via itsnotaconspiracy)

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    HT to Mr. Reynolds
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    He wasn’t always rich either. His grandparents were well off, his grandmother was a bank Vice-President. The President...
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    Actually… Obama would be in the top 5%. He isn’t super-duper rich. He is just up there. He, and other presidents, are...
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