Questions Linger About Palin Taxes

Bryan T. Camp, a tax law professor at Texas Tech University School of Law, said “There is no suggestion that either Todd or the kids are employed by the State of Alaska. Maybe they should be.” Mr. Camp added “The issue is whether Palin gets the $43,000 tax free – no income tax, no Social Security tax, no Medicare tax, not a dime.” His conclusion: The payments are taxable.

Written by: Jessica Behnham

Now that tax attorneys have had a chance to review Gov. Sarah Palin’s tax returns, which were released late last week, a new round of questions are being raised on tax-related websites.

One big issue that tax attorneys are pointing to is the fact that the Palins did not report as income the $43,490 that the state gave the family to cover travel expenses for Mr. Palin and the Palin children. Had the Palins reported these payments as income, the couple would have had to pay taxes on it.

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