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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Elroy Jetson who wrote (253958)	6/14/2010 12:19:35 AM
From: joseffy	Read Replies (1) \| Respond to of 306849

At least poor Rahm does get a few perks: The ties that bind. Remember Rahm Emanuel's rent-free D.C. apartment? The owner: A BP adviser June 7, 2010 latimesblogs.latimes.com In case you were tempted to buy the faux Washington outrage at BP and its gulf oil spill in recent days, here's a story that reveals a little-known corporate political connection and the quiet way the inner political circles intersect, protect and care for one another in the nation's capital. And Chicago. We already knew that BP and its folks were significant contributors to the record $750-million war chest of Barack Obama's 2007-08 campaign. Now, we learn the details of a connection of Rahm Emanuel, the Chicago mayoral wannabe, current Obama chief of staff, ex-representative, ex-Clinton money man and ex-Windy City political machine go-fer. Shortly after Obama's happy inaugural, eyebrows rose slightly upon word that, as a House member, Emanuel had lived the last five years rent-free in a D.C. apartment of Democratic colleague Rep. Rosa DeLauro of Connecticut and her husband, Stanley Greenberg. For an ordinary American, that would likely raise some obvious tax liability questions. But like Emanuel, the guy overseeing the Internal Revenue Service now is another Obama insider, Tim Geithner, who had his own outstanding tax problems but skated through confirmation anyway by the Democratic-controlled Congress. Remember this was all before the letters BP stood for Huge Mess. Even before the Obama administration gave BP a safety award. Now follow these standard Washington links if you can: Greenberg's consulting firm was a prime architect of BP's recent rebranding drive as a green petroleum company, down to green signs and the slogan "Beyond Petroleum." Greenberg's company is also closely tied to a sister Democratic outfit -- GCS, named for the last initials of Greenberg, James Carville, another Clinton advisor, and Bob Shrum, John Kerry's 2004 campaign manager. According to published reports, GCS received hundreds of thousands of dollars in political polling contracts in recent years from the Democratic Congressional Campaign Committee. Probably just a crazy coincidence. But you'll never guess who was the chairman of that Democratic Congressional Campaign Committee dispensing those huge polling contracts to his kindly rent-free landlord. -- Andrew Malcolm

To: Elroy Jetson who wrote (253958)	6/14/2010 12:23:19 AM
From: marcher	Read Replies (2) \| Respond to of 306849

i would, truly, like to know what rahm has done beyond the role of corporate. all examples appreciated.

To: Elroy Jetson who wrote (253958)	6/14/2010 12:30:53 AM
From: joseffy	Respond to of 306849

WHY DOESN'T RAHM EMANUEL PAY PROPERTY TAXES? 02/22/09 sodahead.com According to the Cook County Assessor's website, the Chicago home of four-term Democrat Congressman and new White House Chief of Staff, Rahm Emanuel, doesn't exist. While the address of 4228 North Hermitage is listed as Emanuel's residence on the Illinois State Board of Elections' website, there seems to be no public record of Emanuel ever paying property taxes on this home. The Cook County Assessor's and Cook20County Treasurer's online records indicate Emanuel's Chicago neighbors pay between $3,500 and $7,000 annually. However, Illinois Review has been unable to locate any evidence that the former Clinton advisor and investment banker is paying his fair share of Cook County's notoriously high tax burden. Why wouldn't 4228 North Hermitage property owners Rahm Emanuel and wife Amy Rule pay property taxes? One reason may be because Emanuel and Rule declared their 4228 North Hermitage home as the office location for their personal non-profit foundation called the "Rahm Emanuel and Amy Rule Charitable Foundation". As the non-profit's headquarters, their home could be exempt from paying property taxes. In January 2007, USA Today reported on Emanuel's foundation: The Rahm Emanuel and Amy Rule Charitable Trust was formed in 2002, when the Chicago lawmaker was first elected. The former Clinton White House aide and his wife, Amy Rule, are its only donors. Emanuel was an investment banker after serving in the White House. The trust reported having $2,900 on hand at the end of 2005 after receiving $34,000 from Emanuel and donating more than $31,000 . . . He doesn't pay any property taxes and he gets income tax write-offs by donating $25000 to the Synagogue and other amounts of money to his Foundation. This allows his kids to attend school tuition-free and allows him to expense a lot of personal expenses. What a racket! Take all your income and donate it back to yourself via tax exempt orgs where you can spend it on as expenses to operate your car, pay the electric and water bills, etc. I guess if you are a hypocritical "liberal" democrat who advocates raising taxes on everyone else, this is all permissible.) Emanuel's 4228 North Hermitage home is one of the largest in the neighborhood, with a side yard that appears to be a vacant lot, making the Emanuels' property the largest portion on the block. Other North Hermitage homes on Emanuel's block are valued in the $500,000 plus range. According to Cook County Treasurer's website, the Chicago owners of nearby 118 year old 4222 North Hermitage pay almost $6800 annually. The family at 4224 North Heritage pays $6000 each year in property taxes. President Obama - himself a connected, Chicago insider who has benefited from questionable land deals - may find it difficult to explain why his very own Chicago-based chief of staff doesn't pay property taxes like the "little guy" he claims to represent. Or perhaps allowing his wealthy friends to avoid taxes is part of Obama's trickle down redistribution economics. It's certainly the kind of " change" we Illinoisans can believe in...since we're quite familiar with it here in the federal indictment land of Daley, Blagojevich, Madigan, Jones, Cellini, Rezko, etc.