Living the good life
Posted on 04/11/2014 12:05:41 PM PDT by Sub-Driver
Obamas pay $98,169 in taxes on income of $481,098
Associated Press 21 minutes ago
WASHINGTON (AP) — The White House says President Barack Obama and Michelle Obama paid just over $98,000 in taxes on income of nearly half a million dollars last year.
(Excerpt) Read more at washingtonpost.com ...
Yea, he earned $498K for the year and spent $650 million on travel and leisure. Very clever.
It is nice to be king.
They should pay taxes on their government bennies
Living the good life
Now explain to me how 0bama's wealth went from peanuts to in excess of $12 Million in four years. I keep multiplying his "salary" and somehow, it just doesn't add up. Must be "Common Core" math.
Probably paid less percentage wise than the White Hut janitor.
Joe Insurance Policy giving 5% to charity - NO WAY. He gave less than 1% last year.
If the $481,098 is GROSS income then the % calculation is misleading.
What was the NET TAXABLE income? That would raise the percentage but probably not by much.
It is pretty easy to donate $59,000 to charity as a deduction when the rest of us comrades are doing all of the heavy lifting for His Highness. Free lodging, assorted chefs, vacations, etc.
Well, I would imagine that they probably stashed away another billion behind the scenes. Tax-free.
It is very telling that their largest donation was not their tithe. I guess that since he is Caesar, he is rendering unto Himself.
Not counting any money held over in the Campaign to re-elect the President account.
I suppose we need Kathleen Parker to explain how all of this largesse is really OK, her being a conservative and all.
One thing King Barry never has to worry about is an audit.
I would like to see his entire tax return, not just parts of it. There are probably some K-1 income tied to tax shelters or something that would bring his effective tax rate down to about 20%. Something stinks.
You would be wrong. Their accounts off shore likely measure in the tens of billions.
look at the debt increase. Factor a measley 10% skim and you’ll be close
$8751?
Who writes a check to a charity for a random number like that?
I could see $8500, $9000, or even $8750. But $8751? That just seems odd.
With his income, he should be at the beloved 39.6% rate.
Guess he got to write the rules since he runs the IRS.
Bet he paid his taxes with other people’s money.
It’s good to be the Kenyan dictator.
SNORT!
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