Developing: Obama's Paid $98,169 In Taxes On Income Of $481,098 Last Year Yet Aquired $12 Million In The Last 4 Years. (salary, Reid)

[Britt Reid]

Very interesting. Now explain to me how Obama's wealth went from peanuts to in excess of $12 Million in four years. I keep multiplying his "salary" and somehow, it just doesn't add up. Must be "Common Core" math. 20.4% is a nice tax bracket.


Obamas pay $98,169 in taxes on income of $481,098 - The Washington Post

[Grsz11]

Got a source for the 12 million, or did it come from the same place all your other "facts" do?
Are you also complaining about his rate while at the same time complaining that the wealthy pay too much?

[katzpaw]

Originally Posted by Britt Reid

Very interesting. Now explain to me how Obama's wealth went from peanuts to in excess of $12 Million in four years. I keep multiplying his "salary" and somehow, it just doesn't add up. Must be "Common Core" math. 20.4% is a nice tax bracket.


Obamas pay $98,169 in taxes on income of $481,098 - The Washington Post

Got a link to that $12 million?

[jimkyler]

Originally Posted by Grsz11

Got a source for the 12 million, or did it come from the same place all your other "facts" do?
Are you also complaining about his rate while at the same time complaining that the wealthy pay too much?

Originally Posted by katzpaw

Got a link to that $12 million?

Never heard of google?

Barack Obama Net Worth - TheRichest

[katzpaw]

Barack Obama Net Worth | Celebrity Net Worth
The Obama Family Income History:

2000: $240,000
2001: $272,759
2002: $259,394
2003: $238,327
2004: $207,647
2005: $1,655,106
2006: $983,826
2007: $4,139,965
2008: $2,656,902
2009: $5,505,409
2010: $1,728,096
2011: $789,674
2012: $662,076
Total: $19,225,070

[urbanlife78]

Your link doesn't mention anything about $12 million.

[urbanlife78]

Originally Posted by jimkyler

Never heard of google?

Barack Obama Net Worth - TheRichest

Unfortunately we don't really tax net worth, just incomes earned. Though I think we should start taxing net worth.

[jimkyler]

Originally Posted by urbanlife78

Your link doesn't mention anything about $12 million.

One link says 11.8 million, the other link says 12.2 million. One is slightly higher, the other is slightly lower, but they average out to 12 million.

[katzpaw]

Originally Posted by jimkyler

Never heard of google?

Barack Obama Net Worth - TheRichest

Yes, but the OP says it doesn't add up and must be fuzzy math. Implies there is something shady but it does add up - Obama had higher income when his book was out.\

The Obama Family Income History:
2000: $240,000
2001: $272,759
2002: $259,394
2003: $238,327
2004: $207,647
2005: $1,655,106
2006: $983,826
2007: $4,139,965
2008: $2,656,902
2009: $5,505,409
2010: $1,728,096
2011: $789,674
2012: $662,076
Total: $19,225,070

[urbanlife78]

Originally Posted by jimkyler

One link says 11.8 million, the other link says 12.2 million. One is slightly higher, the other is slightly lower, but they average out to 12 million.

That is net worth, that isn't the same as earned income.