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glatt · 06-04-2009, 01:40 PM

Rules governing presidential gifts.

In a nutshell, Obama can keep this gift, but he must pay the US Government the fair value of the gift.

He can keep anything worth less than $335 without paying for it, but he must pay taxes on it.

Actual law.

06-04-2009, 01:40 PM	#444
glatt ™ Join Date: Jul 2003 Location: Arlington, VA Posts: 27,717	Rules governing presidential gifts. In a nutshell, Obama can keep this gift, but he must pay the US Government the fair value of the gift. He can keep anything worth less than $335 without paying for it, but he must pay taxes on it. Actual law. Last edited by glatt; 06-04-2009 at 01:48 PM.