First couple earned $5.5 million in 2009 (Obama, myth, Chicago, elect)
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The obamas are generous to charities & paid their fair share of taxes. They did not grow up in a well to do family like george w.bush. Michelle was raised on the poor side of chicago. http://news.mobile.msn.com/en-us/art...1&aid=36563288
Wow! 32.5% in taxes. I guess they haven't learned how to take advantage of tax loopholes. Or, maybe the don't think it is fair to do that. Is there some tax reform coming? Are there some wealthy people afraid of what might be coming? Hmmm.
Wow! 32.5% in taxes. I guess they haven't learned how to take advantage of tax loopholes. Or, maybe the don't think it is fair to do that. Is there some tax reform coming? Are there some wealthy people afraid of what might be coming? Hmmm.
Loophole use isn't as widespread as you seem to think. I have no clue how the "loophole" myth got started, or why it persists. Perhaps it's just a common misperception among the ignorant. Who knows?
The first couple would be in line with the other top 1%ers. Look at the average effective tax rates by income level here:
http://www.cbo.gov/publications/collections/tax/2009/effective_rates.pdf (broken link)
The obamas are generous to charities & paid their fair share of taxes. They did not grow up in a well to do family like george w.bush. Michelle was raised on the poor side of chicago. First couple earned $5.5 million in 2009 - MSNBC Articles
The Obama are recently generous to charity: since he has been elected only. As a Senator and prior, no, not so much.
No one get a pat on the back for following the tax law. Though many he has chosen in his cabinet have failed to do so and deserve admonishment & punishment.
Loophole use isn't as widespread as you seem to think. I have no clue how the "loophole" myth got started, or why it persists. Perhaps it's just a common misperception among the ignorant. Who knows?
The first couple would be in line with the other top 1%ers. Look at the average effective tax rates by income level here:
http://www.cbo.gov/publications/collections/tax/2009/effective_rates.pdf (broken link)
You are going to tell us that diverting income so as not to be considered taxable, is NOT widespread among the top 1%? Look at GW Bush, 2007, total taxable income $700K? Please don't abuse our sensibilities.
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