Obamas pay $98,169 in taxes on income of $481,098

http://www.washingtonpost.com/politics/obamas-pay-98169-in-taxes-on-income-of-481098/2014/04/11/9ba2 ^

[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.

[Sub-Driver]

Hey, pay your fair share........

[Jim Robinson]

How much of his stolen loot did he not report?

[driftdiver]

20.4% is a nice tax bracket

[Opinionated Blowhard]

That is LESS than most people at that income level pay. What a hypocrite.

[jtal]

yes - how come i’m subject to the AMT and he isn’t?

[Moonman62]

Their taxes would pay for one day of their extravagant vacations.

[latina4dubya]

sheesh... less than 22 percent... must be nice to be ruler...

[chiefqc]

What about the other S.S. numbers he has and what about his numerous offshore accounts.

[Peter ODonnell]

Don’t forget the 100 million dependents.

[Principled]

Just dang his eff rate is lower than mine.

[dblshot]

20.4 is slightly less than my 21. He must have a better CPA.

[SampleMan]

I pay that much tax on about half that income.

He must own a lot of bonds OR the IRS just gives him a pass, as they are his bee-otches.

[boycott]

Not a very good job of distributing his own wealth.

Besides, they don’t really want to distribute wealth. Bill Clinton is worth over $100 million. You think they want to redistribute that wealth? No. They want to redistribute your INCOME. The wealthy Hollywood elite don’t want to redistribute their wealth either. You think George Clooney wants to redistribute any of his houses? No. He wants you to pay more income taxes.

[McGruff]

How much has the American taxpayer contributed for all these trips they are taking each year?

[The Cajun]

How do these bastards get away with 20.5%?

I have a pretty good accountant and pay 25% for income a lot less than $481,098.

Something ain't right!

[driftdiver]

perhaps he’s writing off vacation expenses as work related.

[C. Edmund Wright]

which is a neat trick, since he didn’t pay for them….

[Vigilanteman]

Their taxes would pay for one day of their extravagant vacations . . .

Not counting the cost of flying them there in Air Force One.

[The Cajun]

perhaps he’s writing off vacation expenses as work related.

I think he would catch hell proving he worked, thus far, during his ongoing 5 year paid vacation.

[crusty old prospector]

Correct, AMT says 28% of income minus charitable contributions and mortgage dediction, which he doesn’t have. Some modification for capital gains. Something doesn’t smell right.