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Well earning around 800K puts him in the evil 1% so he should have his taxes raised according to him. How is 20% fair to the rest of us saps? Where are the occupy folks? Why aren't they demanding he give them some of his money?
If it was about the "evil 1%" wouldn't the Buffet Rule be for people in the 1% and not just making above $1 million?
Obama paid a tax rate 20.5% in taxes how will they swing that attack on Romney.... He won't be able to OBAMA made almost 800,000. last year....
If he wanted to he could volunteer to pay more but we know how the liberals don't like to use their own money for things.
Book sales are dropping Gee I wonder why. Could it be the books are full of a bunch of lies and is racist against even his own white grandmother
1) Book sales drop. They always do.
2) 22% of his income went to charitable causes. That ends up lowering your tax rate.
Well I see nobody stopping him from contributing more to the kitty. Why won't he write a check to the treasury like the previous poster says?? Or is he just a hypocrite? I think we both know the answer.
We all play by the current laws as they are. Same with the SuperPACs. He doesn't agree with them but as long as that is what is in play, that's how you play the game.
I don't agree with much of the tax code but that's what we have right now and I will work within the system as much as possible.
It's really such a stupid argument to say people who complain about the tax code should just send in more. You play by the rules and you work to change the system.
1) Book sales drop. They always do.
2) 22% of his income went to charitable causes. That ends up lowering your tax rate.
Yeah, he gets a deduction for the amount he gave to charity. In Obamaspeak, that is a subsidy. So he gets a federal subsidy that lowers his effective tax rate.
I just wonder if 20.5% is considered "fair" and if he pays a higher effective rate than his secretary?
No wonder he's doing a horrible job as president. He's terrible with his own money. He should have his money in places that minimize his tax burden. Dope.
I think Presidents lead by example in re taxes. Can you imagine the furor if a president was using a bunch of aggressive tax avoidence loopholes?
Yeah, he gets a deduction for the amount he gave to charity. In Obamaspeak, that is a subsidy. So he gets a federal subsidy that lowers his effective tax rate.
I just wonder if 20.5% is considered "fair" and if he pays a higher effective rate than his secretary?
And if he didn't donate to charitable organizations people would be complaining that he was a cheapskate but his effective tax rate would definitely be higher?
Regardless of anything he paid a higher tax% and donated a high% of income as compared to Romney who is estimated to have made more than 20 times as much money. Here is the catch. I don't give a crap about either because both did what our current tax laws allow us to do. If it's legal who cares?
Romney refuses to give up tax records prior to 2010 for a reason. Most likely it's from paying no taxes but that remains to be seen. He has also not filed his 2011 taxes either. Sounds fishy.
Well I see nobody stopping him from contributing more to the kitty. Why won't he write a check to the treasury like the previous poster says?? Or is he just a hypocrite? I think we both know the answer.
Here is the catch. I don't give a crap about either because both did what our current tax laws allow us to do. If it's legal who cares?
But it is about "fairness" and what is "fair." Obama is running on it. Cripes, the democrat senator from my home state of Missouri, Claire McCaskill, just went on a "fairness tour".
It's their issue, we should be entitled to explore what is "fair."
Is it fair that the Obamas, with income approaching $1 million, use federal tax subsidies to lower their effective tax rate to 20.5%?
I don't hate it, I want to know exacty what is "fair."
To me, "fair" is paying the lowest amount you can within the current tax laws. I'm not the one making judgments about what is "fair" and what is not "fair."
He spends quite a bit of time talking about it now, so I wonder if 20.5% is "fair." I also wonder if it is a higher effective rate than his secretary.
I haven't seen one Obama lover mention the word fair up to now. Maybe they can't read hard words like that one.
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