Skip to comments.Obamas pay $98,169 in taxes on income of $481,098
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 ...
How much of his stolen loot did he not report?
20.4% is a nice tax bracket
That is LESS than most people at that income level pay. What a hypocrite.
yes - how come i’m subject to the AMT and he isn’t?
Their taxes would pay for one day of their extravagant vacations.
sheesh... less than 22 percent... must be nice to be ruler...
What about the other S.S. numbers he has and what about his numerous offshore accounts.
Don’t forget the 100 million dependents.
Just dang his eff rate is lower than mine.
20.4 is slightly less than my 21. He must have a better CPA.
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.
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.
How much has the American taxpayer contributed for all these trips they are taking each year?
I have a pretty good accountant and pay 25% for income a lot less than $481,098.
Something ain't right!
perhaps he’s writing off vacation expenses as work related.
which is a neat trick, since he didn’t pay for them .
Not counting the cost of flying them there in Air Force One.
I think he would catch hell proving he worked, thus far, during his ongoing 5 year paid vacation.
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.
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.
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
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.
LOL! Too true!
actually, the first thing I thought of when I saw the income total was, this is proof that he (and any president then), is just a puppet. do you really thing guys like Bloomberg or soros who are worth billions, would let a guy worth a relative piddling, run this world.
because you only pay the top tax rate for the amount over the threshold and not for the entire amount.
Thats our tax $$ we pay for him. The rest is gratis dineros so he can play around and have fun in the Peoples House.
40 Grand a month, plus all the benefits. Endless food, parties, golf, vacations.
I could live on that.
only 20% of their income???? Greedy bastards.
They had: free food, free boarding, free travel expenses, and STILL only paid 20% of their substantial income.
Think about that.
Of course, their BASE is also made up of a great many people who have their room and board paid for and pay 0% in taxes. Of course, they have no earned income either.
Sorry. I just had to add the “Crime” topic.
Every article having anything about nobama should use the crime topic.
He’ll never be audited!
No way is it only 10 Mil for 17 trips. More like 100 million at a minimum.
I believe those numbers like I believe all those who have signed up for odumbocare have paid their “entry fee”.
Bastards will live about anything/everything to make themselves look good.
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