If you receive valuable jewelry as a gift, you cannot return to the USA without reporting it and paying the tax. The Saudi king gave Michelle Obama and her daughters $1.2 million in jewels. So why are the Obamas allowed to keep them tax-free? Oh yes, taxes are for the “little people” (munchkins) who live outside of government in Washington.They were turnover to the National Archives and you can bet they cried over that. Obama complains his wife is not being paid. So much for doing a job to help the country. You would think he was a greedy Republican the way he complains about money.
