-Caveat Lector- http://www.nypost.com/news/nationalnews/23379.htm HUGH MAY BE TAXED 230G ON RETURNED $$ Wednesday,February 28,2001 By DAN MANGAN Hugh Rodham could owe more than $230,000 in taxes on the money he took - and then returned - for lobbying President Bill Clinton to pardon two felons. Rodham is liable for federal income taxes on the $400,000 he initially received, and for gift taxes on the money the lawyer agreed to return to the felons after Sen. Hillary Rodham Clinton, his sister, and the president demanded he pay back his fee, experts told The Post. "I'm saying that the IRS commissioner should pursue this with all vigor, and if he doesn't he's not doing his job," said Gene Gavin, commissioner of Connecticut's Department of Revenue Services, who is not involved in the case. An Internal Revenue Service spokeswoman refused to comment. Gavin said that, based on federal tax tables, Florida resident Rodham will owe $158,400 in income taxes on what he received from a businessman pardoned by Clinton, and a cocaine trafficker who had his sentence commuted. And then, because Rodham - under no legal obligation - gave the money back to the two in exchange for nothing, he will owe another $76,050 in federal gift taxes, Gavin argues, for a total of $234,450 in taxes. "I stand by these numbers," Gavin said, noting that it doesn't matter if Rodham didn't end up keeping a cent - it's the transactions that are taxed. "I think he's got an income-tax issue," said John Bogdanski, law professor at Lewis & Clark University in Portland, Ore., and a former IRS adviser. "He worked, he got paid, it's income." But Bogdanski thinks Rodham might avoid paying gift taxes because of IRS rules allowing a lifetime exemption of $675,000 in gifts. Former IRS Commissioner Don Alexander said that although he "toyed with the idea," he does not believe Rodham will owe any taxes on the money. "Even I, a steely eyed ex-tax collector, feel like he's got a pretty good argument" against owing taxes, said Alexander, who nonetheless conceded the IRS has "a technical argument" for claiming taxes. He specifically cited the fact that Rodham quickly paid the money back in the same tax year he received it, suggesting that Rodham "never really had full [control] of it." "The answer is - there's no clear answer," said Sheldon Pollock, a tax attorney and University of Delaware business professor. "The tax code doesn't answer every question." ================================================================= Kadosh, Kadosh, Kadosh, YHVH, TZEVAOT FROM THE DESK OF: *Michael Spitzer* <[EMAIL PROTECTED]> ~~~~~~~~~~~~~~~ The Best Way To Destroy Enemies Is To Change Them To Friends ================================================================= <A HREF="http://www.ctrl.org/">www.ctrl.org</A> DECLARATION & DISCLAIMER ========== CTRL is a discussion & informational exchange list. Proselytizing propagandic screeds are unwelcomed. Substance—not soap-boxing—please! These are sordid matters and 'conspiracy theory'—with its many half-truths, mis- directions and outright frauds—is used politically by different groups with major and minor effects spread throughout the spectrum of time and thought. That being said, CTRLgives no endorsement to the validity of posts, and always suggests to readers; be wary of what you read. CTRL gives no credence to Holocaust denial and nazi's need not apply. Let us please be civil and as always, Caveat Lector. ======================================================================== Archives Available at: http://peach.ease.lsoft.com/archives/ctrl.html <A HREF="http://peach.ease.lsoft.com/archives/ctrl.html">Archives of [EMAIL PROTECTED]</A> http:[EMAIL PROTECTED]/ <A HREF="http:[EMAIL PROTECTED]/">ctrl</A> ======================================================================== To subscribe to Conspiracy Theory Research List[CTRL] send email: SUBSCRIBE CTRL [to:] [EMAIL PROTECTED] To UNsubscribe to Conspiracy Theory Research List[CTRL] send email: SIGNOFF CTRL [to:] [EMAIL PROTECTED] Om
