Saturday, April 13, 2013

Obama: 18.4 Percent Tax Rate

Obama has been yapping about the rich needing to pay their "fair share" in taxes, meaning more.

Obama isn't paying his fair share according to his plan. Hypocrite!

From the Wall Street Journal:

President Barack Obama and First Lady Michelle Obama paid $112,214 in federal income taxes in 2012 on adjusted gross income of $608,611, an effective rate of 18.4%, the White House said Friday.
18.4 PERCENT???

WHAT???

From Bloomberg:

By taking widely used deductions for state and local taxes, mortgage interest and charitable contributions, the Obamas were able to get themselves out of the top marginal tax bracket, which was 35 percent last year.
Based on his tax return and what he pays, Obama has no "moral authority" to insist that taxes be raised. Why doesn't he volunteer to allow the government to confiscate more of his money? Why wait for a law? Why doesn't he just do what he considers the right thing and give more to the government?

Nothing is stopping him from paying more taxes, absolutely nothing.

Meanwhile, we, the taxpayers, subsidize the Obamas' lavish lifestyle. It's nauseating.

Class warrior Obama and his rich Hollywood buddies can cough up more cash if they truly believe they aren't paying enough.

No need to wait. Spread the wealth around NOW!

Obama is begging to pay more in taxes, but he just can't bring himself to pay until he's forced.

Right.