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Obama's Stock Holdings Include Northern Trust, JP Morgan

the only dividends that show up on obama's tax return are from "northern trust securities" for $26558. this is not northern trust common stock, it is "dividends" paid from "northern trust securities" inc, the brokerage arm of northern trust.

most tellingly, if you look carefully at line 9b on page one of the 1040, obama shows NO qualified dividends. if they received dividends from either jp morgan or northern trust, they should have showed them as qualified so as to only incur a 15% tax rate rather than the mid 30% tax on that $26558. so the "dividends" shown on page 2 of schedule a/b are almost certainly money market fund "dividends" (they are reported on 1099-div, not 1099-int by fund companies such as vanguard or by brokers such as northern trust securities, the payee of the so-called "dividend" to the obamas.)

tyler, you may know something about investments, but you need to become much more familiar with taxes (then again, so do geithner, daschell, and a few others) before you overly incite people over this stuff.