Obama's 2012 return: $112K in federal taxes on $609K in income [effective tax rate was 22.8 percent]

The Hill ^

[Zuse]

You mean the Billion dollars we paid for first family vacations is somehow not considered “income”?

[ßuddaßudd]

Also,,, How can someone make or accumulate multi millions $$ while in public office full time?

[faithhopecharity]

I like it! (Although God doesn’t need to spend a lot on defense, what with His built-in thunderbolts? Smile smile ). Thanks!

[TheOldLady]

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[kevao]

Obama’s paying at a lower tax rate than Warren Buffet’s secretary.

Count on the MSM to point this out in 3...2...1...

[Brown Deer]

Obama’s paying at a lower tax rate than Warren Buffet’s secretary.

She also is most likely a millionaire.

Count on the MSM to not point this out...

[FatherFig1o155]

1/4 of the salary went to charities?

The guy’s just begging for an audit...

And once again, the Biden’s cheap out on their charitable donations.

[SunkenCiv]

Thanks Sub-Driver. Clearly, I've been in the wrong line of work, or rather, I've never tried the whole paid-for-not-working gig.

...reported income of $608,611 in 2012 and paid $112,214 in total taxes... donated $150,034 to 33 different charities... In addition to his federal salary, [Zero] made $258,772 from book royalties... effective federal income tax rate was 18.4 percent... a decline in both income and effective tax rate for the first family from 2011, when the president saw an income of $789,674 and paid an effective rate of 20.5 percent. The Obamas also made a larger charitable contribution in 2011, donating $172,130 to 39 different charities.