Obama's $48,000 tax loophole cost 24 families ...

Discussion in 'Politics' started by healthmyths, Aug 2, 2012.

  1. healthmyths
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    healthmyths Gold Member Supporting Member

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    Obama said..
    “In order to afford just one $250,000 tax cut for somebody like Mr. Romney, 125 families
    like yours would have to pay an another $2,000 in taxes each and every year,’’
    he said “Does that sound like a good plan for economic growth?
    Pres. Obama attacks Romney on tax cuts while speaking in Mansfield - Toledo Blade


    So Obama should NOT have taken this TAX cut!

    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
    Obama Kids get $48,000 — tax free! | Conservative Byte

    In so doing OBAMA was able to reduce HIS TAX payments by 10% over what he would have paid in taxes if he wasn't such a hypocrite!

    He complains about the tax loopholes HE USES!!!
    Be a leader Obama... DON"T TAKE ANY DEDUCTIONS and ENcOURAGE all your WEALTHY FRIENDS... Buffett... GATES... all those billionaires to NOT TAKE ANY DEDUCTIONS!!!
     
  2. buckeye45_73
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    buckeye45_73 Lakhota's my *****

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    He's a hypocrit....what joke
     
  3. healthmyths
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    healthmyths Gold Member Supporting Member

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    There is NO reason that Obama the LEADER would have MORE votes if HE LEAD by example and
    WRITE A CHECK to the Government for ALL the deductions he took so he could GET A BIG tax cut!

    $1,728,096 Obama's adjusted gross income
    245,075 14.18% of his income as donations to charities
    49,945 home mortgage interest
    122,527 Long term capital loss CARRYOVER!!! 7% sheltered income!!

    Total deductions $417,547!

    Obama... WRITE A check for all the deductions you took of $417,547 and encourage ALL wealthy people like Buffett to also write a check for the deductions they took!

    Obama's 2010 Tax Returns
     

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