Obama did not pay his fair share - Paid less than most of us (Congress, election)

[petch751]

Obama has a net worth of $11 million. He just released his 2012 federal income tax returns. He and the First Lady filed their income tax returns jointly and reported adjusted gross income of $608,611. The Obamas paid $112,214 in total tax.

Obama's effective federal income tax rate is 18.4%.

[kaimuki]

Originally Posted by petch751

Obama has a net worth of $11 million. He just released his 2012 federal income tax returns. He and the First Lady filed their income tax returns jointly and reported adjusted gross income of $608,611. The Obamas paid $112,214 in total tax.

Obama's effective federal income tax rate is 18.4%.

So, do you want to raise their taxes?

[cuebald]

Originally Posted by petch751

Obama has a net worth of $11 million. He just released his 2012 federal income tax returns. He and the First Lady filed their income tax returns jointly and reported adjusted gross income of $608,611. The Obamas paid $112,214 in total tax.

Obama's effective federal income tax rate is 18.4%.

I don't remember you complaining about Romney not paying taxes during the election...

[TrapperJohn]

The bigger question is "where did all his income go?"

[TrapperJohn]

Originally Posted by cuebald

I don't remember you complaining about Romney not paying taxes during the election...

No, but we remember you complaining about him not paying his taxes...

[wytrvn]

Impeach him, he must have cheated on his taxes!

[legalsea]

Originally Posted by petch751

Obama has a net worth of $11 million. He just released his 2012 federal income tax returns. He and the First Lady filed their income tax returns jointly and reported adjusted gross income of $608,611. The Obamas paid $112,214 in total tax.

Obama's effective federal income tax rate is 18.4%.

Well, sounds about right to me. We (wife and I) had around $140,000 gross, paid some $25,000 tax, for (if my math be correct) a rate of 17.8 percent.

[HappyTexan]

Ah come on..Obama gets a pass. He's the President and he's a Dem.

[wytrvn]

Originally Posted by HappyTexan

Ah come on..Obama gets a pass. He's the President and he's a Dem.

Too many loopholes I guess, too bad the repub congress won't let him close them!

[urbanlife78]

I am okay with people paying 18-22% in taxes.