[gibsosa]

Beverly Hillbillies had way more goin on then this trash...

[kcvl]

Tax loophole for the wealthy...(as creep-in-chief would say)!

They need to pay THEIR “FAIR SHARE”!

I wonder why he didn’t just pay more and skip the loophole since he lectures the rest of us on how to run our lives? /s

[libertarian27]

Oh, so this is what those 99%’ers have been protesting about...people like the pResident

Barry IS the 1%

Just because a tax deduction is there...doesn’t mean you have to use it.

Barry hates the Poor

[TrumpisRight]

BHO: Don’t do as I do, do as I say! I’m above you because I live on a hill and I can see all you slaves from my White House.

[Sacajaweau]

We want to see the expense account for all the trips....We’re not stupid....Even the dog lives a lot better than us HARD WORKING FOLKS.

[InterceptPoint]

The president and his wife separately gave each daughter a $12,000 gift under a section of the federal tax code that exempts such donations from federal taxes.
++++++++++++++++

Very misleading statement. Obama gets no reduction in taxes from this transaction. It is hs daughters who have no tax obligation.

[TexasCajun]

So the Bari-The-Hustler pays a lower tax rate than his secretary and uses the same "loop-holes" and "tricks" those evil rich people use to avoid the tax man!

What a pompus jerk.

More power to him but don't be bashing those that do the same as you!

[afraidfortherepublic]

Gee. I wonder if later the kids can give the money back?

[Don Corleone]

Why doesn’t he give us all the greatest tax free gift possible....his immediate resignation?

[Secret Agent Man]

Anyone know how much they gave to charities?

[JustSayNoToNannies]

The Obamas paid a total federal tax rate of 20.5 percent on a gross adjusted income $789,674, which would typically fall within the top federal rate of 35 percent. According to an analysis of the president’s tax return, he may have paid a lower rate than his secretary despite making more than eight times as much money as she did.

A guy who thinks a family of four can't live on $162,000 a year probably reckons he needs those loopholes to survive. Without them he'll have to start subletting rooms in the White Hut.

[mongo141]

Yeah! Do as I say Not as I Do! Fing little Commie!

[KarlInOhio]

The president and his wife separately gave each daughter a $12,000 gift under a section of the federal tax code that exempts such donations from federal taxes.

This story makes no sense. If you give more than the limit you have to fill out form 709, but it looks like the Obamas' gifts were below the yearly limit so no tax form at all would have to be filed.

[KarlInOhio]

The Obama’s untaxed gift to their daughters will leave American taxpayers to subsidize the college education of the children of the multi-millionaire Obamas

This also makes no sense. Money in the kids' accounts counts for more than money the parents have when calculating any student aid. Also, the Obamas are rich enough anyway that I don't expect that they would get any federal college aid unless they get it the "Chicago way", in which case silly things the peasants have like paperwork or income statements won't matter anyway.

[ridesthemiles]

I know that one can gift up to $12,000 to anyone without the recipient paying taxes.

I don’t think that such a gift exempts the giver from paying taxes on the income in the first place.

I would like clarification, please.

[trebb]

Newt could make hay of this - Romney will probably ignore or fluff it even though Obama is characterizing him as one of the eeeevul rich dudes.