If it is another day, there must be more massive hypocrisy coming from the Obama Regime.
In this case, the Obama Regime is saying, “More taxes for thee but not for me.”
What is going on?
Barack and Michelle Obama, who think real Americans should be paying more taxes, took advantage of every deduction and tax break they could.
From CNS News:
If the Bush tax cuts hadn’t been extended and the president hadn’t chosen to employ those tax breaks he despises so much, Pres. Obama could’ve paid $103,067 more in taxes than he actually did for 2011. And, with the help of a government website, he could still pay it, anyway.
The White House reported today that the Obamas has adjusted gross income (AGI) of $789,674 in 2011, on which they paid $162,074 in federal taxes. That works out to a tax rate of 20.5% of AGI.
Without using any type of credits to reduce the taxes paid on their AGI, at the current rate, that would make the Obamas’ tax liability $246,257:
$102,574 + 35.0% of anything over 379,150:
$789,674 - $379,150 = $410,524
$410,524 X 35% = $143,683
$143,683 + $102,574 = $246,257
But, the Obamas actually paid $162,074. If they’d paid the full amount, they’d have paid $84,183:
$246,257 - $162,074 = $84,183 more in tax
And, if the Bush tax cuts hadn’t been extended, the Obamas could’ve paid $103,067 more (without taking credits).
In summary, the Obamas are just like liberals everywhere. They want other people to be taxed but they don’t want to pay the taxes themselves.
Warren Buffett is the same way. He keeps chortling about how we real Americans need to pay more taxes and even lends his name to the idiotic proposition called the “Buffett Rule” that would require millionaires to pay 30% of their already taxed income in even more taxes.
Buffett’s company, Berkshire Hathaway has been fighting the IRS for ten years over a $1 billion tax bill.
Mr. Buffett, pay your taxes. If you think the government needs more tax money, pay your taxes. Go pay your taxes so the government can let GSA employees stay in $2000 a night rooms while they party in Las Vegas or send them on five day trips to Hawaii so they can do one hour worth of work.
The Obamas and Warren Buffett can pay more if they want. They do not have to take deductions and they can even voluntarily give money to the government.
They don’t because they are hypocrites.
The next time we hear Obama talk about someone paying their fair share of taxes, we should all say, “Barry why don’t you pay your fair share?”
Tags: barack, buffett, fair, hypocrisy, michelle, obama, share, taxes, warren
Permalink Reply by Debrajoe Smith-Beatty on Obama is a hypocrite.
Permalink Reply by Trisha on On the contrary, he is very different from any other politician. He is by far the most totalitarian of any to occupy that office. I believe he may be the only one who actually hates this nation and its heritage. Then again, he is also very different in that we have no authentic documents to prove who he really is. To say that he is no difference underestimates the danger that he poses to all.
Permalink Reply by Barry Gabrielson on The same rules dont apply to the King and Queen. The King says " Dont do what I do, do what I say".
If the King paid his fair share, then he would pay back the taxpayers for all the bad decisions he has made in office.
Lets send him a bill for 6T and counting.
Did you notice all the deductions his accountant took in the tax return to lower his tax burden? I thought deductions were evil, to avoid paying their "fair share" in taxes? Oh yes, that is for you and I, the little people, Royalty is exempt. All these hypocrites make me sick.
Permalink Reply by mary young on I like Lou Dobbs' name change for "The Buffett Rule". Simply,he calls it "The Obama Tax".
Permalink Reply by Richard Banko on Obama is so full of s h i t it's not even funny - he lies at every opportunity and spews his rhetoric because people believe the lying son of a gun - we really are in a sad state of affairs
Permalink Reply by Janet Dobbs on Not only did the Obama's pay just 20.5% but also sheltered $48,000 in "gifts" to their daughters and have been doing it since 2007.
Can you spell HYPOCRITES?
http://freebeacon.com/obama-family-tax-shelter/
Permalink Reply by Neil Thomas Goeckerman on These people are a toy short of a happy meal. I can't believe the propaganda I hear from the President and his minions. Not a scintilla of truth anywhere near the White House. Who believes these guys? I can't figure out how Obama has 20% support let alone in the 40's. Lotsa folks out there who know better but are still fully invested in this dolt. It reminds me of the guy who comes home on Christmas Eve and finds his wife in bed with Santa Claus. As he watches she slides out of bed and says "are you crazy? You know you don't believe in Santa Claus!"
Permalink Reply by Joan Aasboe on Can you say, voter fraud!
Permalink Reply by Rich Knoch on In theory . . . . the IRS would put them on the short-list for an audit as they have everything furnished (food, shelter, vacations, etc.) so, would have few write-offs.
All the freebies (food, shelter vacations, etc.) should be imputed to dollars, increasing his reported income by . . . . just a guess . . . a cool million, or so, in addition to what he reported
Is this just another Timmy driving Turbo-Tax job?
Permalink Reply by Roni Smith on I emailed my Governor Jim DeMent last night about this stupidity of sending our ballots to Spain. I told him if he doesn't stop it, Obama will win, because I won't waste my hopes if my vote is leaving this country. I told him the other alternitive is to put one hundred Teaparty members (my self included,) on Air Force 1, with 100 soldiers, who are willng to publically take the oath to defend us and the constitution and send us to Spain to oversee the countiing of the votes, all expenses paid. I strongly recommend that all of you notify you Governors as well.
Permalink Reply by Betty Lou Butcher on The commit from Roni Smith was a great idea. e-mail your Governor and tell him since Obama is sending the voting ballots to Spain to be counted,her idea was to put 100 tea party people (none of BO's communist pals) along with soldiers on Air Force 1 BO picks up the tab. to oversee the counting of the votes, While they are there they can spit in Geo Soros eye.
Permalink Reply by Jeff Waller on Come on, Barry! Be a sport! You have all that Solyndra kickback money! Do your fair share!
© 2013 Created by Judson Phillips.
