Wednesday, January 05, 2011

Carol Moseley Braun releases parts of tax returns

Former US Senator Carol Moseley Braun released parts of her 2008 and 2009 federal income tax returns last night. But she didn't include the attachments, which probably tell an interesting story.

On Monday, Braun was asked if she would release her tax returns, she she said "No." When pressed on why she wouldn't, she replied, "Because I don't want to."

A firestorm, albeit one containing chuckles from people such as myself who remember her chaotic six years in the US Senate, followed. By that evening she changed her mind about her returns.

Braun reported just $15,000 in income in 2009, and $225,000 in losses the year before. Her South Side home is encumbered by $2 million, she is trying to sell it for $1.9 million. She paid no federal income tax those years.

To keep her food company, Ambassador Organics, alive, Braun delayed paying property taxes on her home and took out additional mortages on that apparently now-underwater home.

As Mark Brown muses in the Chicago Sun-Times, Braun seems to be running for mayor because she needs a job.

But "Vote for Me Because I Need Work" is hardly an inspiring campaign slogan.

I sympathize with her financial struggles--friends and relatives of mine are enduring similar difficulties. But they are not running for mayor of Chicago.

She is still Carol Mostly Clown to me.

Related posts:

Carol Mostly Clown won't release tax returns 'because I don't want to'
Carol Moseley Braun: Not a coalition builder
Sun-Times: Davis to drop out of mayor's race, will support clownish Moseley Braun
No post-racial Chicago for Jesse Jackson
Clownish Carol Moseley Braun wants Sun-Times columnist fired

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