Cass Ballenger: “ever wonder what the Family Economic Income of the President is? Let us see. The President's salary is about $200,000 a…”

“ever wonder what the Family Economic Income of the President is? Let us see. The President's salary is about $200,000 a year. But then the Treasury Department's calculates his income is actually a lot more than that, even if it is not. For example, they say we need to add something called imputed rental income to real income. Imputed rental income is income we would get if we rented out the house that we own. Now normally the Treasury Department would add something like $10,000 to the President's income for renting out the White House and carrying that as income, but the Treasury Department officials are not so sure what to do now since they know that the Lincoln bedroom can be rented out for over $400,000 a year, so they are really not sure how to score it. And then they have other problems as well. They have not a clue as to how much to score the President's Whitewater property for imputed income purposes, and then there is the huge question mark about how much foreign money should go under unreported and underreported income category. I guess the Treasury Department needs to take another look at this family income economic income.”