Showing posts with label alaska. Show all posts
Showing posts with label alaska. Show all posts

Friday, September 12, 2008

Governor Palin, Your Tax Return Please

I never bothered reporting about the whole business about Sarah Palin getting a per diem to stay at home and so forth, because really, it's small potatoes. Jack Bogdanski suggests that there may be some tax implications in some of Palin's shenanigans, however:

"Per diem" allowances received by an employee can legally be omitted from her gross income if they constitute reimbursements for amounts that the employee could have deducted as business expenses had the employee paid for them out-of-pocket and not been reimbursed. Thus, for Palin, the tax question would appear to boil down to whether, had she not been reimbursed for the $60,441 of travel, meals, and lodging expenses, she could have legitimately taken business deductions for them.

It does not appear that such deductions would have been allowable for any amounts attributable to travel by her husband and children. ... Unless Palin's spouse and kids are also her employees and she can show that they were away on their own businesses, their expenses would not be deductible by the governor.
...
As for her own travel, Palin could also run into tax problems. Only travel "away from home" qualifies for tax exclusion (or deduction), and for this purpose, one's "home" is generally the principal place of one's business. In this case, the governor reportedly works out of offices in both Anchorage and Juneau, but since she has only one state job, she can declare only one of those as her tax "home." If Juneau is her tax "home" (which would seem to be the case, since that's the capital), she cannot exclude or deduct meals and lodging expenses incurred in Juneau, and if Anchorage is her tax "home," she cannot exclude or deduct such expenses incurred in Anchorage or Wasilla. If she got per diem reimbursements for stays in both places, stays in only one place would appear to be excludible or deductible. And perhaps more importantly, the cost of regular commuting between one's residence and one's tax "home" is not deductible at all, no matter how long the distance between them; it is certainly possible that Palin's treks between the two locales are simply long-distance commuting for tax purposes.

Probably nothing, just one more thing to throw on the fire that is the McCain/Palin ticket to perdition.

Sunday, September 7, 2008

The Hockey Rink to Nowhere

In her invective- and lie-filled speech last Wednesday, Sarah Palin mocked community service, saying that being a small-town mayor is similar, except that you have "actual responsibilities".

Here's a sampling of what Governor Pitbull did about meeting hers:

The biggest project that Sarah Palin undertook as mayor of this small town was an indoor sports complex, where locals played hockey, soccer, and basketball, especially during the long, dark Alaskan winters.

The only catch was that the city began building roads and installing utilities for the project before it had unchallenged title to the land. The misstep led to years of litigation and at least $1.3 million in extra costs for a small municipality with a small budget. What was to be Ms. Palin's legacy has turned into a financial mess that continues to plague Wasilla.

"It's too bad that the city of Wasilla didn't do their homework and secure the land before they began construction," said Kathy Wells, a longtime activist here. "She was not your ceremonial mayor; she was in charge of running the city. So it was her job to make sure things were done correctly."


Gee, she sounds more than ready for the presidency to me. Why did she even bother with that unnecessary stopover in Anchorage?