Former President Barck Obama has another name from his mother's second marriage: Barry Soetoro. This was the name he was registered as at the school he attended in Indonesia and he has used it several times throughout his life. What is not known is that Barry Soetoro Ltd. is also an offshore company that has defrauded the US taxpayers of up to $170 million.
When Obamacare legislation was first “presented” (unread) to the House, part of it stipulated that royalties and expenses associated with the naming of the bill would be paid. Records show that $411 million was paid for these “services”.
Remind me again, who named”Obamacare”? The Royalty payments didn't stop until Obamacare was renamed the Affordable Care Act. $400 million of that money is sat in accounts across the Cayman Islands, Ireland and Caledonia, not one penny in tax has been paid on it.
Let's ignore for the moment that Barack Obama should have actually received ANY money at all for naming a piece of legislation, and then gone on to collect millions of dollars in Royalties from it, and look solely at the fact that this money offshore and not giving anything back in taxes. The media has been hounding Donald Trump for information on his tax arrangements since day one; why has there been almost Zero media coverage on this deliberate act of taking money from the taxpayer and funneling it out of the United States?
If there was ever any doubt that the MSM is working directly for the Democrats, cast those doubts aside. Not only is the MSM complicit in trying to rig the election, they are actively covering up major crimes by top DNC people. And they are not doing their job of chasing up dodgy officials who sneak taxpayer money out of the country…yes, I'm looking at you, Mr. Obama.
Liberals are always on Donald Trump’s case about his tax returns. They don’t seem to get that our president doesn’t feel the need to rush to get his tax returns out because he has nothing to hide. Making them squirm and speculate is just fun. If I were Trump I’d release my tax returns promptly…on January 21st, 2025.
That’s not the case, however with former president Barry Soetoro. Using the alias he has denied is his many times, Obama was just nabbed with more than $400 million in taxpayer money sitting in accounts in the Cayman Islands, Ireland and Caledonia. The deposits, all made directly from the national treasury, are listed as “royalty payments” for Obamacare.
Few people know it, but when the liberal congress of 2010 passed the Obamacare bill without reading it, a percentage of the proceeds was automatically routed to the bill’s author, Barack Obama, to cover “expenses and royalties associated with naming the bill.” It wasn’t until the Affordable Care Act came out later that Obamacare was officially renamed and the royalties stopped, but not be3fore the Obama family pocketed $411 million. Of that, it appears that $400 million was transferred discreetly to accounts offshore to Barry Soetoro, LLC, a legal entity operating out of three foreign countries.
By transferring his money there, Obama has avoided paying more than $170 million in taxesthat could have gone towards funding all of the free stuff he gave to the inner city folks so they’d re-elect him in 2012. Instead he ran up a deficit higher than any president in history and quadrupled our debt.
If Trump or any honest American companies and businessmen did what Obama did they’d be under federal investigation. Now that Obama isn’t in the White House and there’s nobody around to shield him, he can certainly be investigated and charged for these serious crimes.