Posted on 04/11/2014 2:37:48 PM PDT by kingattax
WASHINGTON (AP) — President Barack Obama and Michelle Obama paid $98,169 in taxes on $481,098 income last year, tax returns the White House released Friday show. They paid an effective federal income tax rate of 20.4 percent and donated significantly less to charity than they did the year before.
The 42-page document, which included the couple's Illinois state income tax return, shows the Obamas reported donating $59,251 to 32 charities, which helped lower their overall tax bill. The nearly $60,000 in donations represents 12.3 percent of their adjusted gross income.
(Excerpt) Read more at news.yahoo.com ...
Running the white house costs taxpayers aroun $1.5 billion. I am not going to worry about how much tax 0 pays on his actual salary of 400k.
I hope you aren’t preparing your own taxes.
What about the taxes on the benefits like vacations, etc.? 100s of Millions of dollars every year. This makes me sick.
Yeah, me, too.
24 posts and not person mentions this:
Are the Obama’s part of the 1%??
$481,000 ain’t bad for a dude who came to the country broke, on a pass port from England, and left to fly around the world on somebody’s dime. He must have been one of many that had this done for them and he graded out highest over the years. There is no way, way back then they could have known he was The One to be selected to be the divined leader. Even now he is an idiot. How dumb must the other ones have been?
Sheesh. I paid 23.78 percent. I am clearly not doing something right.
What about the taxes on the benefits like vacations, etc.? 100s of Millions of dollars every year. This makes me sick.
He legally does not have to claim this. If Ted Cruz was President and in this situation, we all would be silent as church mice.
Are the Obama’s part of the 1%??
I don’t think so officially. His perks allow him to live like one though.
Bottom line: What do they give? What do they get?
I guess it’s easy to part with so much money when you really can’t be fired or have your pay deducted and don’t actually have to do anything productive to earn it.
How much money did they spend...taxpayer money, that is.
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