You're welcome, Barack

In a previous post, I chided Barack Obama for not taking advantage of tax-deferred retirements accounts, such as a SEP-IRA, to shelter some of his Schedule C income. The Senator has now released his 2007 return, and I am pleased to see that he took my advice and started contributing to a retirement account. See line 28, where you can see that he contributed the maximum ($45,000). Well done.