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Over at reasononline, Julian Sanchez and David Weigel speculate that the writer of the controversial Ron Paul Newsletters was Lew Rockwell. A lot because many of us suspected Rockwell all along, that's less important to me than another thing they've reported, that is, in their words:
"A tax document from June 1993 wrapping up the year in which the Political Report had published the "welfare checks" comment on the L.A. riots reported an annual income of $940,000 for Ron Paul & Associates, listing four employees in Texas (Paul's family and Rockwell) and seven more employees around the country."
That's a lot of money for a small operation, but I'd really like to see that tax document. I don't know enough about Sanchez and Weigel to trust whether they can report on a "tax document" with any accuracy. I don't know whether they know the difference between, say, "income" and "revenue." My first inclination is to think that a political blogger would just use the biggest number they could find because, of course, it's just more sensational than all the others.
If that number is actually "revenue" and not "income", anyone who's run a business knows that even sums that large can get whittled down to size paying for operating expenses. If it actually is "income", that's a lot left over for the principles to split up among themselves.
Regardless, I'd really like to know how much, if any, Paul received from the operation after, as he says, he relinquished control when he returned to his medical practice.
