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Getbig Main Boards => Politics and Political Issues Board => Topic started by: dario73 on April 13, 2012, 09:38:30 AM
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Obama tax return shows 2011 earnings of $789,674
Published April 13, 2012
Associated Press
April 3, 2012: President Obama gestures as he speaks at The Associated Press luncheon during the ASNE Convention.
The White House says President Barack Obama and his family paid more than $160,000 in federal taxes last year.
The president's 2011 federal income tax return shows reported adjusted gross income of about $790,000 last year. About half of the first family's income is the president's salary. The White House says the rest comes from sales of Obama's books.
Obama's effective tax rate is just above 20 percent -- lower than many Americans who earn less. He has made tax-rate fairness a campaign issue.
The White House released a copy of the president's tax return, which also shows charitable donations of more than $172,000.
Obama is donating after-tax proceeds from his children's book to the Fisher House Foundation. The charity helps veterans and military families receiving medical treatment.
For Vice President Joe Biden and his wife, Jill, this year's tax return looks almost identical to last year's.
Returns for 2011 released by the White House show the Bidens paid $87,900 in federal taxes on adjusted gross income of $379,035.
Their income was $143 below their 2010 return, but their tax bill was $1,274 higher. In both cases, the effective tax rate was just over 23 percent.
On the latest return, the Bidens listed $5,540 in donations to charity.
Most of the couple's income came from the vice president's salary of $225,521 and Mrs. Biden's wages of just over $82,000 for teaching at Northern Virginia Community College.
Read more: http://www.foxnews.com/politics/2012/04/13/obama-tax-return-shows-2011-earnings-78674/#ixzz1rwF5V5Qd
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LOL!!!!!
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is this some suprise to you guys?
how many times now has Obama included himself, along with Buffet, as the type of person who taxes are too low
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is this some suprise to you guys?
how many times now has Obama included himself, along with Buffet, as the type of person who taxes are too low
Fucking please !!!! Its called lead by example or STFU! ! ! ! !
obama is a scam artist, same as buffett, and he knows there are always delusional dreamers like yourself who will accept daily golden showers from him no matter what he does.
Shame on you! You are no different than the lemmings who cheered on hitler in "Triumph of the Will"
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So Obama has no problem handing over his cash to charities but pisses and moans when others do the same?
Then again, ol' Uncle Warren is viciously fighting paying close to $2 billion in back taxes that one of his companies owes.
Far be it for me to imply that they're hypocrites. ::)
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So Obama has no problem handing over his cash to charities but pisses and moans when others do the same?
Then again, ol' Uncle Warren is viciously fighting paying close to $2 billion in back taxes that one of his companies owes.
Far be it for me to imply that they're hypocrites. ::)
White guilt ridden leftist/progressives never see any hypocrisy in anything they ever do or believe. they are a freaking joke.
How can anyone take obama seriously in his daily Castro like rantings on this issue when he pulls this nonsense?
One good thing though - looks like less people are buying his plagiarized ghost written books.
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Fucking please !!!! Its called lead by example or STFU! ! ! ! !
obama is a scam artist, same as buffett, and he knows there are always delusional dreamers like yourself who will accept daily golden showers from him no matter what he does.
Shame on you! You are no different than the lemmings who cheered on hitler in "Triumph of the Will"
again, virtually every time he's talked about it he's included himself as the type of person that it would apply to
not sure how you missed that given that you spend 24 hours a day on the interweb
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So Obama has no problem handing over his cash to charities but pisses and moans when others do the same?
Then again, ol' Uncle Warren is viciously fighting paying close to $2 billion in back taxes that one of his companies owes. Far be it for me to imply that they're hypocrites. ::)
how did you arrive at that conclusion genius
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Wow Obama's pays lower effective tax rate than HIS Secretary ???
The most recent information about salary regarding Obama’s secretary is for his former secretary, Katie Johnson, who is listed by the White House as having made $90,000 in 2010.
According to Wikipedia, Johnson is 31 years old and now attends Harvard Law School. I don’t know about her personal life or what her deductions would be, so I can’t assume any children or deductions.
On a $90,000 salary, she would pay $16,578 in federal taxes, $3,780 to Social Security, and $1,305 in Medicare taxes.
That adds up to a total federal tax burden of $21,663 on $90,000 in adjusted gross income, or a tax rate of 24 percent, well above Obama’s rate of 20.5 percent, even though Obama’s 2011 salary was nearly nine times the 2010 salary of his secretary.
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Wow Obama's pays lower effective tax rate than HIS Secretary ???
The most recent information about salary regarding Obama’s secretary is for his former secretary, Katie Johnson, who is listed by the White House as having made $90,000 in 2010.
According to Wikipedia, Johnson is 31 years old and now attends Harvard Law School. I don’t know about her personal life or what her deductions would be, so I can’t assume any children or deductions.
On a $90,000 salary, she would pay $16,578 in federal taxes, $3,780 to Social Security, and $1,305 in Medicare taxes.
That adds up to a total federal tax burden of $21,663 on $90,000 in adjusted gross income, or a tax rate of 24 percent, well above Obama’s rate of 20.5 percent, even though Obama’s 2011 salary was nearly nine times the 2010 salary of his secretary.
good job helping make Obama's case for the Buffet Rule
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good job helping make Obama's case for the Buffet Rule
No - according to that grifting thug he does not make enough for the "Buffett Rule" to apply.
Priceless - just fng priceless that this communist thug and lying sack of horeshit YOU SUPPORT can get away with his bullshit.
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No - according to that grifting thug he does not make enough for the "Buffett Rule" to apply.
Priceless - just fng priceless that this communist thug and lying sack of horeshit YOU SUPPORT can get away with his bullshit.
don't you mean according to his 2011 tax returns ?
He made less than 1 million in 2011 but he has said many times that it would apply to people like himself and Buffet and Obama has made more than 1 million in the past (as I'm sure you know)
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don't you mean according to his 2011 tax returns ?
He made less than 1 million in 2011 but he has said many times that it would apply to people like himself and Buffet and Obama has made more than 1 million in the past (as I'm sure you know)
Just STFU with your semantics. Only a complete jackass would defend obama in this.
Bro - let me ask you something - what did obama ever do for you to enger such slavish and unthinking devotion and loyalty?
You make the 2006-2008 bush defenders look like nothing with what you will accept from this lying dishonest scam artist.
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Obama Family Tax Shelter
First family transfers wealth, avoids taxes
BY: Washington Free Beacon Staff - April 13, 2012 2:11 pm
President Obama and his wife, Michele, gave a total of $48,000 in tax-free gifts to their daughters, according to tax records made public on Friday.
The president and his wife separately gave each daughter a $12,000 gift under a section of the federal tax code that exempts such donations from federal taxes.
There is nothing illegal about the president’s taking advantage of this tax shelter, but it does raise eyebrows given that he has lamented the myriad tax exemptions used by the wealthy—“millionaires and billionaires” like himself—to pay less in taxes. He has yet to propose a comprehensive plan to reform the byzantine tax code.
The Obama’s tax return indicates that the gifts, likely for their daughter’s college educations, began in 2007, when the maximum exemptible amount was $24,000 per couple. The maximum exemption has since increased to $26,000 per couple.
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.
His most recent tax proposal—the so-called “Buffett Rule”—would increase taxes on about 4,000 millionaires and raise about $4.7 billion in new revenue per year, enough to cover about 0.4 percent of the projected budget deficit in 2012. Though the rule would apparently not hit the president himself.
Supporters of the rule have acknowledged that the projected revenue from the “Buffett Rule,” which the Democratic-led Senate is expected to vote down, is “not even a meaningful small amount.”
The Obama’s untaxed gift to their daughters will leave American taxpayers to subsidize the college education of the children of the multi-millionaire Obamas.
This entry was posted in Obama Administration. Bookmark the permalink.
http://freebeacon.com/obama-family-tax-shelter
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I would figure that since Obama feels so strongly about leveling the tax rate that he would have willingly given another 15% to the IRS. Every wealthy individual complaining about this issue can cut a check right now and give to the government more of their own money.
I do believe that something has to be done about the tax code, but punishing successful Americans is not the solution.
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I would figure that since Obama feels so strongly about leveling the tax rate that he would have willingly given another 15% to the IRS. Every wealthy individual complaining about this issue can cut a check right now and give to the government more of their own money.
I do believe that something has to be done about the tax code, but punishing successful Americans is not the solution.
Obama, just like his gaudy thug wife are two grifters and looters stealing the brass knobs off the doors, hogging every delicacy they can get the chef to slave away for, etc.
They are two big phonies amd that White House is going to need a total detox and quarantine for a few months after they leave in January.
I just hope that whoever takes a massive inventory of everything in the WH before they leave. I expect about 15 Ryder trucks showing up w a bunch of black panthers and them wholesale looting the joint before they leave.
They will steal EVERYTHING, the china, the silver, door knobs, the rugs, the kitchenware, the lamps, the chairs, basically anything not bolted and chained down. I also expect obama to carve some grafiti into the historic desks and tables before he leaves.
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Just STFU with your semantics. Only a complete jackass would defend obama in this.
Bro - let me ask you something - what did obama ever do for you to enger such slavish and unthinking devotion and loyalty?
You make the 2006-2008 bush defenders look like nothing with what you will accept from this lying dishonest scam artist.
how about you stop bitching and moaning about verifiable facts
do you agree that when talking about the Buffet rule that he included himself as the type of person the rule would apply to ?
Yes or No?
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how about you stop bitching and moaning about verifiable facts
do you agree that when talking about the Buffet rule that he included himself as the type of person the rule would apply to ?
Yes or No?
no - beceause crapbama does not believe laws apply to him.
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no - beceause crapbama does not believe laws apply to him.
again - he has said many times that it would apply to people like him
you're actually denying that he has said this?
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again - he has said many times that it would apply to people like him
you're actually denying that he has said this?
I don't give a fuck what he says! What he says is meaningless. its only brain dead beaten wives like yourself who actually take him at his word.
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I don't give a fuck what he says! What he says is meaningless. its only brain dead beaten wives like yourself who actually take him at his word.
there is somethig seriously wrong inside your brain my friend
Obama has made > than 1 million in the past and you know he'll make millions after he leaves office
he's said many times this rule would apply to people like him
it really must suck to be you and have your brain constantly assualted by reality on a daily basis
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WH: Don't ask Obama to write a check to the IRS
Washington Examiner ^ | 4/13/12 | Joel Gehrke Commentary Staff Writer
President Obama believes that his effective federal tax rate requires him to pay less than his fair share -- but the White House also believes it is inappropriate to ask the president to write a check making up the difference voluntarily.
"People like the President should not be able to -- the tax code should not written in a way that allows for -- for the wealthiest Americans to pay taxes at a lower rate than middle-class Americans," White House Press Secretary Jay Carney told reporters today.
Earlier this week, Carney impugned the "classiness" of people who propose that wealthy citizens who (as Obama does) believe they aren't paying enough should voluntarily send a check to the Internal Revenue Service (IRS).
"Another real classy charge is the idea that, well, wealthy Americans who feel like paying their fair share . . . have the option of doing it themselves by writing a check," he said derisively to reporters last week. "Think what that says to middle-class American families who are trying to get by, who are paying their taxes and paying at a rate higher than Warren Buffett."
Carney also made clear today that Obama is not, by their estimation, paying his fair share. "The President believes we must reform our tax system which is why he has proposed policies like the Buffett Rule that would ask the wealthiest Americans to pay their fair share," Carney wrote on the White House blog today. "Under the President’s own tax proposals . . he would pay more in taxes while ensuring we cut taxes for the middle class and those trying to get in it."
Leaving aside the question of the Buffett Rule policy, "what kind of message" does it send to the middle class -- and to millionaires, for that matter -- that President Obama won't pay what he regards as his "fair share" unless the government makes everyone else pay their "fair share," too?
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Obama donated 22% if his income to charity
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Obama donated 22% if his income to charity
::) ::)
Yeah in an election year - every other year before he looks more like Barry Obamawitz
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Obama donated 22% if his income to charity
what a dick
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what a dick
typical commy thug.
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what a dick
no - just a pandering slob. look at every other year before he was facing relection and it is like 0% or close.
Barry Obamaberg is fooling no one but the gullible morons like yourself who voted for him last time.
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President Obama’s Secretary Paid Higher Tax Rate Than He Did
ABC News ^
President Obama’s Secretary Paid Higher Tax Rate Than He Did
President Obama today released his 2011 federal income tax, with he and his wife reporting an adjusted gross income of $789,674. The Obamas paid $162,074 in total tax – an effective federal income tax rate of 20.5%. The Obamas also reported donating approximately 22% of their income to charity — $172,130.
President Obama has been making a big political push for the “Buffett Rule,” which would require millionaires to pay a minimum of 30% of their income in taxes. To illustrate the point, the president has pointed out that billionaire investor Warren Buffett pays a lower tax rate than does his secretary.
President Obama’s secretary, Anita Decker Breckenridge, makes $95,000 a year. White House spokeswoman Amy Brundage tells ABC News that Breckenridge “pays a slightly higher rate this year on her substantially lower income, which is exactly why we need to reform our tax code and ask the wealthiest to pay their fair share. ”
(Excerpt) Read more at abcnews.go.com ...
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no - just a pandering slob. look at every other year before he was facing relection and it is like 0% or close.
Barry Obamaberg is fooling no one but the gullible morons like yourself who voted for him last time.
speaking of morons, why is that you're so fucking uninformed about everything
is it intentional igorance are you just really that stupid
Obama has released tax returns for at least 11 years, dating back to 2000.
All told, Obama donated 6.3% of his income to charity over the period, which works out to a total of $1.1 million. The pace of those donations has increased in recent years, a trend that mirrors an uptick in the president's income.
From 2000 to 2004, the Obamas gave around only 1% of their income to charity. From 2005 to 2009, their donations jumped to between 4% and 7% of income, before increasing to 14% in 2010
After winning the Nobel Peace Prize in 2009, the president requested his $1.4 million in winnings to be donated to various charities, a gift that was not reported as income on his tax returns.
http://money.cnn.com/2012/02/07/news/economy/candidates_charity/index.htm
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speaking of morons, why is that you're so fucking uninformed about everything
is it intentional igorance are you just really that stupid
http://money.cnn.com/2012/02/07/news/economy/candidates_charity/index.htm
Exactly - when out of the spotlight and not as much on the govt tit he donated nothing.
only pathetic sheep and lemmings still fall for his side show and carnival act.
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Exactly - when out of the spotlight and not as much on the govt tit he donated nothing.
only pathetic sheep and lemmings still fall for his side show and carnival act.
dude - this is bizarro
you've been given the facts and yet you remain ignorant
how exactly does that happen?
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dude - this is bizarro
you've been given the facts and yet you remain ignorant
how exactly does that happen?
No - when obama did not have the govt spending millions on his lifestyle he donated nothing at all.
Again - its only delusional beaten wives like yourself who still fall for his carnival act.
Bro - I left the gop in 2005 officially due to GWB's actions. Show some fucking common sense moron!
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No - when obama did not have the govt spending millions on his lifestyle he donated nothing at all.
Again - its only delusional beaten wives like yourself who still fall for his carnival act.
Bro - I left the gop in 2005 officially due to GWB's actions. Show some fucking common sense moron!
WTF are you talking about
Seriously man -WTF is wrong with your brain
Was the govt spending millions on his lifestyle in 2005
From 2005 to 2009, their donations jumped to between 4% and 7% of income
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WTF are you talking about
Seriously man -WTF is wrong with your brain
Was the govt spending millions on his lifestyle in 2005
And who was paying for his travel, meals, health benes, etc etc???? The taxpayer.
Again - stop being a party hack and show some friggin common sense for once.
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And who was paying for his travel, meals, health benes, etc etc???? The taxpayer.
Again - stop being a party hack and show some friggin common sense for once.
common sense
first you said this:
no - just a pandering slob. look at every other year before he was facing relection and it is like 0% or close. Barry Obamaberg is fooling no one but the gullible morons like yourself who voted for him last time.
and then you changed it to when the govt was "spending millions" on his lifestyle
the govt wasn't spedning millions on him until he became POTUS but I really couldn't give a rats ass about his donations
what interest me is how you remain steadfast in your ignorance when presented with proof that your belief is false
how do you do that and why?
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Obama has always been on the government tit one way or the other. He is the Uber welfare case and affirmative action leech and parasite.
and spare me the bs - his wife was collecting over 300k a year from a corrupt no show job at the hospital.
These two grifting looters are scamming you blind and you seem perfectly supine to be a slave to them.
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Obama has always been on the government tit one way or the other. He is the Uber welfare case and affirmative action leech and parasite.
and spare me the bs - his wife was collecting over 300k a year from a corrupt no show job at the hospital.
These two grifting looters are scamming you blind and you seem perfectly supine to be a slave to them.
so at this point you're just going to stagger around swinging wildly and hope you hit something?
what happened to your statement of "look at every other year before he was facing relection and it is like 0% or close"
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Obama has always been on the government tit one way or the other. He is the Uber welfare case and affirmative action leech and parasite.
and spare me the bs - his wife was collecting over 300k a year from a corrupt no show job at the hospital.
These two grifting looters are scamming you blind and you seem perfectly supine to be a slave to them.
So you don't like capitalism?
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So you don't like capitalism?
please - that is corruption , not capitalism.
again - i find those who voted for obama are typically the most uninformed about him and his past. They bought into the media created narrative and never ever questioned anything spoon fed to them.
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http://joshuapundit.blogspot.com/2009/01/michelle-obamas-300k-job-at-hospital.html
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please - that is corruption , not capitalism.
again - i find those who voted for obama are typically the most uninformed about him and his past. They bought into the media created narrative and never ever questioned anything spoon fed to them.
________________________ ________
http://joshuapundit.blogspot.com/2009/01/michelle-obamas-300k-job-at-hospital.html
There are many many people who sit on boards and things of that nature. People leave and they don't get backfilled.
That shit happens ALL of the time.
Look man... I hate a shit ton of what Obama has done, but someone authorized her to have a job... end of story.
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There are many many people who sit on boards and things of that nature. People leave and they don't get backfilled.
That shit happens ALL of the time.
Look man... I hate a shit ton of what Obama has done, but someone authorized her to have a job... end of story.
LOL - it was an earmark based on obama's corruption!
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http://books.google.com/books?id=T-lmcZL_bXIC&pg=PA73&lpg=PA73&dq=michelle+obama+no+show+job+hospital&source=bl&ots=flK-CDB3Z2&sig=g3Lp2S9GvElA4dgnmRnPeJ-yx4Q&hl=en&sa=X&ei=vaWIT9r5B6b30gH-oMy8CQ&ved=0CCEQ6AEwADgK#
Wonder how many obama drones know about this.
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LOL - it was an earmark based on obama's corruption!
I'm not saying it's right... not at all.
That is what happens though.
The hospital wanted something and got it.
Like power companies do and shit like that... Tobacco companies.
You know... businesses.
They all do it and yes, I think it's shitty, but that's what happens and until ANYONE... Republicans included, make it so that shit is illegal, EVERYONE is going to keep doing it.
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I'm not saying it's right... not at all.
That is what happens though.
The hospital wanted something and got it.
Like power companies do and shit like that... Tobacco companies.
You know... businesses.
They all do it and yes, I think it's shitty, but that's what happens and until ANYONE... Republicans included, make it so that shit is illegal, EVERYONE is going to keep doing it.
Again - its about the narrative that obama and mobacaa created that was based on pure lies for the delusional gullible public.