Posted on 04/13/2012 5:35:31 PM PDT by KSanders
President Obama and first lady Michelle Obama had a combined income of $789,674 in 2011 but paid a lower tax rate than the president's secretary, who made less than $100,000, the White House confirmed Friday.
The Obamas paid an effective rate of 20.5 percent. White House aides would not reveal presidential secretary Anita Breckenridge’s tax rate but confirmed it was higher than the first family's rate. Breckenridge earned $95,000 last year.
The Obamas' rate is less than the 30 percent the president wants millionaires to pay under his proposed Buffett Rule.
(Excerpt) Read more at foxnews.com ...
See?? He’s brilliant!! He’s obviously a financial genius! Just what this country needs! [/Libspeak]
Which charity did he give to, and what has he gotten back from it?
They donated juuuuust enough money to charity to get it down from the 26% they paid last year.
The Bush rates are 35%.
Obama paid only 20%.
This is rich! Ha Ha. I LOVE it when Obama is a hypocrite. Liberals are always going on on the evils of conservative nd/or GOP hyprocrisy. It must really burn up liberals that Dear Leader is a big fat nasty hypocrit. THANK YOU for posting this thread.
Obama just can’t win in todays world. The information age is his biggest enemy. I wonder if he’ll ban the internet now?
They donated juuuuust enough money to charity to get it down from the 26% they paid last year.
this just bull , if you make 789k what is you tax rate ? Not the the tax rate for the amount you paid after all the smoke and mirrors
2.5%?????
Where do I get that deal? Mine is 33%.
Umm, I'm pretty sure Hussein is happy with this news. He WANTS to be able to show that secretaries are paying a higher percentage in taxes than their rich(er) bosses. This plays into his argument and he will use it to push his Buffet rule. Obama has been saying, and WANTS to continue saying, he should be paying more.
The goal for liberals is massive taxation. Obama is not worried about his current salary as he has plenty of benefactors will will take care of him later in life so long as he continues pushing his socialist agenda now.
I hate Sanctimonious people. They want the rest of us to live under a rule they refuse to live under
There is no law preventing him from paying his “fair share”. It’s obvious that he doesn’t want to pay his fair share. He simply wants others to.
Liberal hypocrisy du jour.
Shouldn’t he insist on paying his higher rate?? Commiecrite!!
Most of those books were bought by unions and dumped in a landfill.
Pray for America
Well he didn't make million dollars he made less than that because no one is buying his piece of crap book or books so I do not understand why Fox is making that point.
They should be making the point that his bracket dictated from the Evil Bush should be 35% but because of the tax loopholes his accountant maybe it was Turbo Tax Tim he paid 20%.
My husband and I paid 28% and lets just say our salary was 6 times less than what the Family Obozo paid.
Man, I’m telling you. If we don’t clean up on this guy in the next couple of months and start painting him as the incompetent jerk that he his we deserve to lose the election.
This guy is better than Biden when it comes to giving us talking points.
Question is....are we smart enough to use them??
How incredibly stupid of Barry.
How could anyone think he could get away with not paying their fair share?
how much money do the Bush make?
“There is no law preventing him from paying his “fair share”. It’s obvious that he doesn’t want to pay his fair share. He simply wants others to.”
I don’t know about you, but I never liked the idea of a rich man telling me that for the good of the country, he was cutting his own tax rate. Just never sat well. So the part of it where O says that he and Buffett should pay as much in taxes as their secretaries resonates in me, and I think it is foolish not to realize it appeals to a lot of people. I remember all through the 50’s, 60’s, and 70’s, the maximum tax rates were 70% to 90% and the country did all right, so the idea of raising the minimum rate on those earning over $1,000,000 to 30% doesn’t fill me with dread.
Ronald Reagan raised the capital gains rate in his 1986 Tax Reform Act to 28%, taxing capital gains at the same rate as the maximum income tax rate.
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