[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.

[Noob1999]

...............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. ...................

Good point. You did notice that he also cashed in $2,968,000 of US Treasury notes (for almost no gain).

Must be expensive foe the Wookie to buy all those disgusting designer frocks and Gucci boob belts, even though he gets free housing, free food, free booze, free servant/slaves, free transportation, free vacations, free childcare.

I wonder how much there is left to steal from the White Hut this December for his Chitown digs, after Hitlery and Bozo cleared out the Smithsonian furniture warehouse and silver pantry in 2000.

Maybe there will be something left to send to his half brother for his cardboard box in Kenya.