- Sep 19, 2011
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Looking at Obama's 2011 tax returns a very glaring hypocrisy again raises questions about Obama's honesty!
Line 15 of Part II Long Term Capital Gains and losses.. $119,527!
Now this is EXACTLY what Obama criticizes the "WEALTHY millionaires and billionaires" for taking! DO AS I SAY NOT as I DO!!!
President Obama and Vice President BidenPresident Obama and Vice President Biden
What that means is Obama like millions are doing are LEGALLY taking as a tax dodge their capital losses against their INCOME!
NOW YOU really dumb people out there SEEM to have NO knowledge of the impact of this BUT...
1) 2000 last year Clinton .. Dot.com bubble busted..COST $5 trillion in capital losses!
That means evil wealthy people like Obama are writing off against THEIR
taxes from 2003 an average of $166 billion a year ($5 trillion/30 years write off)
2) 2001 9/11 costs: $2 trillion or another $66 billion no longer being paid in taxes!
3) 2003- 2008 worst hurricane seasons in history $1 trillion or $33 billion losses.
Nearly $267 billion a year in LOST TAX revenue YET NOT ONE of you especially supposedly "conservatives" seem to understand that GWB's budgets MISSED this tax revenue when you ignorantly accuse GWB of "spending like a drunken sailor"!
Truth was BUSH never spent anymore then prior Presidents proportionately BUT
WAS one of the ONLY Presidents to have to face economic collapse, social strains, worst hurricanes.. AND all while the MSM provided BIASED negative stories about how dumb, how poorly the economy, etc.!
Line 15 of Part II Long Term Capital Gains and losses.. $119,527!
Now this is EXACTLY what Obama criticizes the "WEALTHY millionaires and billionaires" for taking! DO AS I SAY NOT as I DO!!!
President Obama and Vice President BidenPresident Obama and Vice President Biden
What that means is Obama like millions are doing are LEGALLY taking as a tax dodge their capital losses against their INCOME!
NOW YOU really dumb people out there SEEM to have NO knowledge of the impact of this BUT...
1) 2000 last year Clinton .. Dot.com bubble busted..COST $5 trillion in capital losses!
That means evil wealthy people like Obama are writing off against THEIR
taxes from 2003 an average of $166 billion a year ($5 trillion/30 years write off)
2) 2001 9/11 costs: $2 trillion or another $66 billion no longer being paid in taxes!
3) 2003- 2008 worst hurricane seasons in history $1 trillion or $33 billion losses.
Nearly $267 billion a year in LOST TAX revenue YET NOT ONE of you especially supposedly "conservatives" seem to understand that GWB's budgets MISSED this tax revenue when you ignorantly accuse GWB of "spending like a drunken sailor"!
Truth was BUSH never spent anymore then prior Presidents proportionately BUT
WAS one of the ONLY Presidents to have to face economic collapse, social strains, worst hurricanes.. AND all while the MSM provided BIASED negative stories about how dumb, how poorly the economy, etc.!