Sarah Palin is working full time to pack in $12 million (see below). But Barack Obama, who has a day job paying $400,000 a year (plus an expenses of up to $169,000) just filed his Form 1040 showing $5.5 million in income for 2009. This does not include his million-dollar Nobel Peace Prize, which he donated to charity and did not report on his tax form. How does that work? He didn't claim it, but instead directed it to certain charities. Isn't that the same as claiming it?
To be sure, presidents have always received perks unavailable to the rest of us, and the Form 1040 is no exception. I recall when the IRS deemed Dwight Eisenhower's best-seller as income spread over several years because it was based on his WWII service. No other writer of the time was able to succeed in that argument. Blue skies! -- Dan Ford
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