Skip to comments.(Hypocrite) Obamas Paid 20.5% in Income Taxes, 2011 Returns Show
Posted on 04/13/2012 9:48:51 AM PDT by tobyhill
President Obama and his wife, Michelle, reported adjusted gross income of $789,674 in 2011 and paid just over 20 percent of it to the federal government in taxes.
Their income declined nearly $1 million from the previous year, when the president was reaping larger amounts from sales of his bestselling books. The numbers were disclosed in the Obamas federal income tax return and gift-tax return, released Friday by the White House, along with those of Vice President Joseph R. Biden Jr.
Mr. and Mrs. Obama paid $162,074 in income taxes, an effective tax rate of 20.5 percent. In a statement, the White House suggested that Mr. Obama believed that he should pay a higher rate, noting that his administration wants to reform the tax code and ask the wealthiest Americans to pay their fair share while protecting families making under $250,000.
(Excerpt) Read more at nytimes.com ...
What a bozo. Lives rent free in our house, eats our food, rides around in our cars...then on his "millonaires and billionaires" income, .....gives 1 and 1/2% to charity....and then has the stupidity to accuse us of not being generous enough!
And, if you look at past years, 1 1/2% is a HUGE increase for "Gimme More" Joe.
Every time Moochelle leaves on vacation ahead of Barri and Bo -
It costs the US Taxpayers over $80,000 to get her lardbutt on AF2 off the ground and up to cruising altitude
Then Bo takes his own smaller executive jet AF3 at $??,??? and Barri cost well over another $80,000 on his Boeing AF1
13 year old ( believe she is only 13) Mafia Obama and her 12 “close friends” scoping out the drug problems and lack of assault weapons in Mexico plus over a 100 Secret Service agents (needing some instant hot Mexican sex) on their Boeing AFXXX cost the US Taxpayers mega-millions too
“Somebody” pays for all of the Obama’s goodies, designer clothing/shoes, blow (...maybe a little blow...), booze, cheeseburgers/fries, $100pound Wagya beef, $300/bottle wine, etc.
It is not the Obamas
Page 2 of a 1040 is not what I’d call disclosure.
Page 1 tells where the income came from (coincidentally, it would also have the social security number Obama used.
His salary is $450K...where did the other 300K plus come from? His books?
Likewise, how many deductions can this man have where every need of his is fulfilled by the taxpayer....were any of these deductions for airfare he should have paid for his multiple plane trips, vacations, etc.? While the cost of AF1 shouldn’t be borne by him, he is supposed to reimburse at least a first class airline cost, isn’t he?
Nope, Page 2 on Drudge don’t do a damned thing for me.
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