Will Clothes Cost Palin a Tax Cut?

[Republished from 2008Central.net]

Via Ben Smith, it is reported that Sarah Palin's wardrobe expenses count as income under the federal tax code. As someone currently taking Tax I, this seems pretty obvious.

Her Alaska salary is reportedly $81,648. Add in the $150,000 of clothes, and her income for the year would be $231,648.

Taking that over to Obama's tax calculator and ... she will probably not get a tax cut anymore; she would without the clothes, though. (I'll not that I have no idea what Todd Palin made in the past year, and do not particularly have an inclination to find out.) She would have lower taxes under Obama's plan just using her income as Governor. (Again, sans anything from Todd.)

Incidentally, I think this account of the need for the wardrobe is fair. But I'd still argue that these constitute income.

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