change biatches!!! :nohead:
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http://illinoisreview.typepad.com/illinoisreview/2008/11/why-doesnt-rahm.html
Why doesn't Rahm Emanuel pay property taxes?
According to the Cook County Assessor's website, the Chicago home of four-term Democrat Congressman and likely 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 Cook County 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 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 not pay property taxes?
One reason may be because Emanuel and Rule declared their 4228 North Hermitage home as the office location for their non-profit foundation appropriately called the "Rahm Emanuel and Amy Rule Charitable Foundation". As a non-profit headquarters, they may consider their home as exempt from paying 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.
During the past three years, Emanuel's charity gave nearly $25,000 to the Anshe Emet synagogue and school [a private school that the Rahm/Rule children attend]..., and $15,000 to the foundation run by former president Bill Clinton. It also gave $14,000 to Marwen, a Chicago charity that provides art classes and other educational help to low-income children. Rule is on Marwen's board.
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 Elect 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.
Although, we're quite familiar with it here in the free-flowing indictment land of Daley, Blagojevich, Madigan, Jones, Cellini, Rezko, etc., etc.
More on this coming...
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http://illinoisreview.typepad.com/illinoisreview/2008/11/why-doesnt-rahm.html
Why doesn't Rahm Emanuel pay property taxes?
According to the Cook County Assessor's website, the Chicago home of four-term Democrat Congressman and likely 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 Cook County 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 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 not pay property taxes?
One reason may be because Emanuel and Rule declared their 4228 North Hermitage home as the office location for their non-profit foundation appropriately called the "Rahm Emanuel and Amy Rule Charitable Foundation". As a non-profit headquarters, they may consider their home as exempt from paying 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.
During the past three years, Emanuel's charity gave nearly $25,000 to the Anshe Emet synagogue and school [a private school that the Rahm/Rule children attend]..., and $15,000 to the foundation run by former president Bill Clinton. It also gave $14,000 to Marwen, a Chicago charity that provides art classes and other educational help to low-income children. Rule is on Marwen's board.
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 Elect 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.
Although, we're quite familiar with it here in the free-flowing indictment land of Daley, Blagojevich, Madigan, Jones, Cellini, Rezko, etc., etc.
More on this coming...