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Old 09-22-2012, 11:28 AM
 
Location: Southcentral Kansas
44,882 posts, read 33,120,683 times
Reputation: 4269

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Quote:
Originally Posted by Ghostrider275452 View Post
He is a tax and spend liberal who thinks throwing money at a problem will make it go away.
The worst part of what you say is that he only likes to throw other peoples' money, not his.
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Old 09-22-2012, 11:29 AM
 
Location: Southcentral Kansas
44,882 posts, read 33,120,683 times
Reputation: 4269
Quote:
Originally Posted by jojajn View Post
Yes, Obama clearly needs to start taking advantage of offshore tax havens!
Who says he hasn't been doing that all along. Oh, yeah he gets all his money from books written very early in his life and doesn't invest any of it.
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Old 09-22-2012, 11:33 AM
 
Location: Southcentral Kansas
44,882 posts, read 33,120,683 times
Reputation: 4269
Quote:
Originally Posted by stillkit View Post
Here's a PDF of the Obama's actual tax returns.

Yes, it shows a mere $3 in normal dividends from one investment, but that's far from the whole story and indicative of nothing.

http://www.whitehouse.gov/sites/defa...eturn_2011.pdf

You'll please note that the Obama's gave 22% of their income to 39 different charities, with the bulk of that being the entire proceeds from his book "Of Thee I Sing" to a scholarship fund for the children of fallen or disabled soldiers ($117,130.)

Yet, in spite of that, they still paid 20.5% of their income in federal taxes.
Does that say that he paid much less in federal income taxes than Romney or that he paid vastly more?
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Old 09-22-2012, 11:38 AM
 
Location: Texas
14,076 posts, read 20,445,188 times
Reputation: 7806
Quote:
Originally Posted by roysoldboy View Post
Does that say that he paid much less in federal income taxes than Romney or that he paid vastly more?
Substantially more as a percentage of his income.
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Old 09-22-2012, 11:44 AM
 
1,460 posts, read 2,797,005 times
Reputation: 1105
Don't care what either has on their tax returns.

I don't know why it's issue.

I care about how they will run the country. Both of these guys are losers, don't you all see it?
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Old 09-22-2012, 12:46 PM
 
Location: Palo Alto
12,149 posts, read 8,373,859 times
Reputation: 4188
Quote:
Originally Posted by stillkit View Post
Here's a PDF of the Obama's actual tax returns.

Yes, it shows a mere $3 in normal dividends from one investment, but that's far from the whole story and indicative of nothing.

http://www.whitehouse.gov/sites/defa...eturn_2011.pdf

You'll please note that the Obama's gave 22% of their income to 39 different charities, with the bulk of that being the entire proceeds from his book "Of Thee I Sing" to a scholarship fund for the children of fallen or disabled soldiers ($117,130.)

Yet, in spite of that, they still paid 20.5% of their income in federal taxes.
It's indicative of a wealthy guy with zero faith in the equity market. It's possible he owns stocks that don't pay dividends. Or maybe he invested it in a tax-deferred IRA like Romney. You know, the ones that have a $5000 annual limit.

It also shows he has zero faith in long-term Treasury bills. Maybe he knows something......
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Old 09-22-2012, 12:48 PM
 
Location: Palo Alto
12,149 posts, read 8,373,859 times
Reputation: 4188
Quote:
Originally Posted by stillkit View Post
Substantially more as a percentage of his income.
I guess if you were offered 100% of an estate worth $1.00 you'd take that over 1% of Gates' or Buffett's seeing its the larger percentage and all...
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Old 09-22-2012, 02:09 PM
 
Location: Steeler Nation
6,898 posts, read 4,726,491 times
Reputation: 1633
Quote:
Originally Posted by roysoldboy View Post
The worst part of what you say is that he only likes to throw other peoples' money, not his.
What was it Margaret Thatcher said, ''socialism works well, until you run out of other peoples money''
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Old 09-22-2012, 03:52 PM
 
Location: Palo Alto
12,149 posts, read 8,373,859 times
Reputation: 4188
Just read that Obama may have millions in an IRA. I sure hope all those Romney critics chime in and condemn the greedy SOB.
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Old 09-22-2012, 04:03 PM
 
Location: West Egg
2,160 posts, read 1,944,091 times
Reputation: 1297
Quote:
Originally Posted by TrapperJohn View Post
Reading the comparison of Obama's and Romney's 2011 returns, it wasn't Romney's numbers that jumped out at me.

Obama, with wealth estimated upwards of $10 million, reported $3.00 in dividends. That is not a typo - $3.00.

His interest income was only ~$10,000. On a $10 million portfolio.

First, it indicates he has zero faith in the equity market.

Second, it's a damning condemnation of the economy and his financial acumen when a guy worth $10 million can only get 10 basis points annually. It's clear he surrounds himself with crappy financial advisors personally and professionally.

In other news, Romney is still rich.

You people who are struggling remember this: a guy worth $10 million who can't manage his own money sure cant manage ours.
So, Obama is worth $10,000,000 and he doesn't really care about amassing millions more.

What does it say about you that you consider that a character flaw?

President Obama knows that he and his family have all they'll ever need. He undoubtedly knows that, for the rest of his life, he can write a book and make a few million any time he wants. He can command five- to six-figure speaking fees, post-Presidency.

And apparently he doesn't think he needs six mansions, each equipped with a car elevator...
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