The Obama's tax return

Discussion in 'Politics' started by Luddly Neddite, Apr 15, 2012.

  1. Luddly Neddite
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    Luddly Neddite Diamond Member

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    Tax History Project: Presidential Tax Returns

    While Mr Etch a Sketch is hiding his tax returns or making only parts public, President and Mrs Obama have made theirs public since the year 2000. At times, Bush and Cheney made public only portions of their tax returns.

    Some little factoids -

    OBAMA'S INCOME: 20.1 Percent IN FEDERAL TAXES; 22.5 Percent TO CHARITY
    That's 42.6 Percent of their total earnings....Plus

    $1.4 Million Nobel Prize Money To Charity

    $5.6 million income; $1.8 million Federal Taxes..
    20.1 Percent in Federal Income Tax
    The average One Percenter pays 21.8 percent.

    BUT....The Obama's' overall rate was still much higher than that of most middle-income Americans. Households making between $60,000 and $100,000 paid on average 8 Percent of their income in federal incomes taxes, according to the Tax Policy Center.

    The Obama's donated $172,130 to charities in 2011, 22.5% of their adjusted gross income. The largest beneficiary was the Fisher House Foundation, which received $117,130 — the after-tax proceeds of the president's children's book, "Of Thee I Sing: A Letter to My Daughters." Fisher House Foundation is best known for the network of comfort homes built on the grounds of major military and VA medical centers. The Fisher Houses are 5,000 to 16,800-square-foot (1,560 m2) homes, donated to the military and Department of Veterans Affairs, where families can stay while a loved one is receiving treatment. Additionally, the Foundation ensures that families of service men and women wounded in Iraq or Afghanistan are not burdened with unnecessary expense during a time of crisis.

    In addition, there was that $1.4 million in Nobel Prize money not included on the form because President Obama turned it entirely over to charity. Nobel pays out its prize money in annual allotments. The Obama's donated all of the prize money to 10 charities. Full list at The President Donates Nobel Prize Money to Charity | The White House

    The first couple paid $31941 in Illinois income tax.

    This is the president putting his money where his mouth is.
     
    Last edited: Apr 15, 2012
  2. Luddly Neddite
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    Luddly Neddite Diamond Member

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    Truth hurts,huh?

    LOL
     
  3. konradv
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    konradv Gold Member

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    Truth is an anathema to the wingnuts. If you'd call him a cheat, there'd be a hundred post circle-jerk going on with Rep all around.
     
  4. Misty
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    Misty Gold Member

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    Most recipients of Nobel peace prize money donate it to charity. Obama is not special in doing this.
     
  5. Luddly Neddite
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    Luddly Neddite Diamond Member

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    That's all you got from this?

    Konradv is right. :clap2:
     
  6. Luddly Neddite
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    Luddly Neddite Diamond Member

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    Where's Mitten's tax returnS?

    What's he hiding?

    That's a rhetorical question because we all know what the serial liar is hiding.
     
  7. Warrior102
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    Warrior102 Gold Member

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    Your link is from 2010, dumbass.
     
  8. Luddly Neddite
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    Luddly Neddite Diamond Member

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    But the facts are from this year's tax return as is the question about Mitten's hiding his.
     
  9. rdean
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    rdean rddean

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    Obama releases 2011 tax returns as campaign attacks Romney - Political Hotsheet - CBS News

    He released his 2011. It's pretty much the same.

    http://www.cbsnews.com/htdocs/pdf/p...e_return_2011.pdf?tag=contentMain;contentBody



    UPDATE, 5:25 p.m. Eastern Time: The Romney campaign has announced that Romney has filed an extension.

    "Sometime in the next six months, and prior to the election, Gov. Romney will file and release the 2011 return when there is sufficient information to provide an accurate return," said spokeswoman Andrea Saul.
     
    Last edited: Apr 16, 2012
  10. Soggy in NOLA
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    Soggy in NOLA Platinum Member

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    Call us when Barry the Vacationer writes an extra check to the U.S. Treasury to mitigate the unfairness of his low tax bill.. till then, fuck off.
     

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