The Obamas' falling tax rate - Steven Sloan and Kelsey Snell - POLITICO.com
President Barack Obama and his wife, Michelle, paid the lowest effective tax rate since they moved into the White House by taking advantage of the most popular — and expensive — benefits in the tax code.
Tax returns released by the White House on Friday show that the Obamas paid an effective tax rate of 18.4 percent on more than $608,000 in adjusted gross income earned in 2012. Last year, their rate was 20.5 percent.
They were able to lower the amount of income on which they were taxed by more than $258,000 by claiming several big-ticket deductions.
I'm shocked-- shocked, I tell you!-- to learn that Obama is a blatant hypocrite.
There's no hypocrisy here. The law was followed. This story may keep AOL's email servers busy, with all the rightwing grey hairs emailing to each other, but it's really NBD.
You don't know what hypocrisy means, do you?
A better example of hypocrisy would be a "fiscally prudent" , "small government" GOP passing an unpaid-for expansion of Medicare during Bush's first term. That is hypocrisy.
Or having members of the "family values", "biblical marriage" GOP at the 2008 convention applaud Sarah Palin while she was standing next to her sexually promiscuous daughter, pregnant with bastard. That was hypocrisy.
You're welcome.