Obama pays less than a third on taxes

Discussion in 'Politics' started by Yurt, Apr 15, 2009.

  1. Yurt
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    Yurt Gold Member

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    WASHINGTON – President Barack Obama and his wife, Michelle, millionaires from his best-selling books, made $2.7 million last year and paid just under one-third of their adjusted income in federal taxes. While the income, mostly his, was far more than the U.S. median household income of about $50,000, it was quite a decrease from the $4.2 million the Obamas made in 2007.


    Obamas report $2.7 million in income for 2008

    doesn't obama's plan call for those over 250K to have an approx. 40% tax rate?
     
  2. Immanuel
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    Immanuel Gold Member

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    You fault him for doing what every American tries to do come this time of the year? That is use every legal means possible to reduce one's taxes. I think 33% of AGI is a heck of a lot of money to pay out, but I don't fault the President for finding legal means to lower his taxes. I say more power to him.

    The government (long before he got involved with it) created this BS Tax code. The President has as much right as I do, to find any legal loophole he can.

    At least he's paying his taxes unlike some other politicians.

    Immie
     
  3. DiamondDave
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    DiamondDave Army Vet

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    I don't 'fault' him...

    I fault the over-complicated and bullshit tax system.... the same system because of that complexity and bullshit, needs to be huge and hugely bureaucratic.... the system that needs to be completely redone, simplified, and made to bring equal % burden to all American citizens on every dollar of income
     
  4. Yurt
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    Yurt Gold Member

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    do you go around advocating for a higher tax rate?

    how is not hypocritical for someone to run around telling people that people making over 250K should pay a tax rate of 40% and then to use whatever means possible to pay less than 33%?
     
  5. jillian
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    jillian Princess Supporting Member

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    idiot....
     
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  6. Yurt
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    Yurt Gold Member

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    obama did not have to use the complicated tax system...he could have simply paid 40% of his earnings over 250K....you know, practice what you preach...
     
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  7. manu1959
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    manu1959 Left Coast Isolationist

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    you should be so mean to michelle and barry....they are doing the best they can.....
     
  8. jillian
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    jillian Princess Supporting Member

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    No, dear, I'm talking to yurt-ijit....

    but you know that.

    maybe next time we can elevate to "I know you are, but what am I?" :lol:

    Although, perhaps if the wingnuts were as diligent about monitoring Baby Bush's actions for eight years, he wouldn't have screwed up as badly as he did.
     
  9. manu1959
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    manu1959 Left Coast Isolationist

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    i am rubber you are glue.....

    obama is just bush on steroids....
     
  10. Yurt
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    Yurt Gold Member

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    dumbass that can't formulate an argument if jerry springer called you a beeyotch

    thanks for letting me know you can't defend obama's hypocrisy
     

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