Tuesday, April 19, 2011

WHO IN THE HELL IS BUYING THE BOOK!

U.S. CODE, TITLE 3, CHAPTER, SECTION 102:  COMPENSATION FOR THE PRESIDENT

The President shall receive in full for his services during the term for which he shall have been elected compensation in the aggregate amount of $400,000 a year, to be paid monthly, and in addition an expense allowance of $50,000 to assist in defraying expenses relating to or resulting from the discharge of his official duties. Any unused amount of such expense allowance shall revert to the Treasury pursuant to section 1552 of title 31, United States Code.  No amount of such expense allowance shall be included in the gross income of the President.  He shall be entitled also to the use of the furniture and other effects belonging to the United States and kept in the Executive Residence at the White House.

The first couple had an ADJUSTED GROSS INCOME for 2010 of $1.7  MILLION.  This came ‘mostly from the books he’s written’ according to his just filed income tax return.

Now…. On Amazon, ‘Dreams of My Father’ is $17.77 new or $8.77 used (ewwwww).  His other book, ‘The Audacity of Hope’, goes for $7.99 new in paperback, and used from $0.01.

$1,700,000 - $400,000 = $1,300,000  ‘mostly from book sales’.  If you say the books AVERAGE $10.00 each (which they do not) – that’s 130,000 books in 2010  (+/-)


This begs the question….Who’s buying the books!

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