1. That I'm not accusing Michele Bachmann of anything.
2. I'm not an expert on tax law and how earned and unearned income is used when determining ones income for any given year.
3. I'm just confused about her statements.
Here Bachmann is with Chis Wallace talking about her husband's family farm on Fox News Sunday:
AP article in the DesMoines Register:
BACHMANN: “The farm is my father-in-law’s farm. It’s not my husband and my farm. It’s my father-in-law’s farm. And my husband and I have never gotten a penny of money from the farm.” – On “Fox News Sunday.”
THE FACTS: In personal financial disclosure reports required annually from members of Congress, Bachmann reported that she holds an interest in a family farm in Independence, Wis., with her share worth between $100,000 and $250,000.
The farm, which was owned by her father-in-law, produced income for Bachmann of at least $32,500 and as much as $105,000 from 2006 through 2009, according to the reports.
The farm also received federal crop and disaster subsidies, according to a database maintained by the Environmental Working Group. From 1995 through 2010, the farm got $259,332 in federal payments.
Bachmann told the Associated Press Monday that her husband became a trustee of the farm because his father had dementia before he died two years ago, and “oversees the legal entity.”
“Everything we do with those forms is in an abundance of caution,” she said Monday, insisting she and her husband receive no farm income despite the forms reporting it.2005-9 in which the Bachmann Family Farm is listed as Unearned Income with a notation that reads, "Royalties". the 2009 filing is HERE.
Now I'm confused. Is she and her husband getting income from that farm or not? She seems to be saying one thing and her finacial disclosures show something else.
BTW, Bachmann requested an extension of the May 15 filing deadline of her House of Representatives Financial disclosure. Perhaps to clear things up now that she's running for President?
Maybe one of our readers can explain these discrepencies because I sure can't.
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