Obama to Americans: High Taxes for Thee, but NOT for Me

April 12, 2014 By Jennifer Burke
http://www.tpnn.com/2014/04/12/obama-to-americans-high-taxes-for-thee-but-not-for-me/


Barack-and-Michelle
One thing we can say about Barack Obama is that his personal life gives fuel to the fire for those who call him a hypocrite. On Friday, information about Barack and Michelle Obama’s 2013 taxes was released. There was no press conference to sing Obama’s praises on this front. There was no tweet to influence the pop culture of the country. There was no speech with Obama chiding those that he says can afford to pay a little more and demanding that they pay their “fair share.”

No, there was none of that fanfare. There was only a blog post by Obama’s press secretary Jay Carney on the White House website. One quick read of the article and you understand why such little attention was brought to Obama’s tax returns. Barack and Michelle “Everyone Should Pay Their Fair Share” Obama’s effective tax rate was only 20.4%. But, don’t worry. Carney made sure to work in some information about how Obama is working to make the system more “fair.” After all, the hypocrisy that his boss displays seems to be a never-ending occurrence.


The President’s effective federal income tax rate is 20.4 percent. The President pushed for and signed into law legislation that makes the system more fair and helps the middle class by extending tax cuts to middle class and working families and asks the wealthiest Americans to pay their fair share. In 2013, as a result of his policies, the President was subject to limitations in tax preferences, as well as additional Medicare and investment income taxes, for high income earners.

Maybe someone needs to tell Barack that he could have very easily given more money in taxes. All he had to do was write a check. But, then again, how does that old saying go?

“Socialism is not for the Socialist.”

If there is one thing that has been on full display by the Obama family during his time in the White House, it’s that there are two sets of rules and expectations. One set for them and their cronies, and another for the rest of us.

gypsy wrote:http://www.taxhistory.org/www/website.nsf/web/presidentialtaxreturns

TPNN – The Tea Party News Network
www.tpnn.com not very newsworthy or credible.

Tax Return: Obamas paid $98,169 in taxes on income of $481,098


Published April 11, 2014
·Associated Press
http://www.foxnews.com/politics/2014/04/11/obamas-pay-816-in-taxes-on-income-48108/


President Obama and first lady Michelle Obama paid $98,169 in taxes on $481,098 income last year, according to tax returns the White House released Friday. They paid an effective federal income tax rate of 20.4 percent.

The couple's 2013 federal income tax return was posted on the White House website four days before the tax filing deadline.

The 42-page document shows the Obamas reported donating $59,251 to 32 charities. That works out to 12.3 percent of their adjusted gross income. Their largest charitable gift, $8,751, went to the Fisher House Foundation, which supports military families.

The Obamas also released their Illinois income tax return showing they paid $23,328 in income taxes to their home state.

Separately, Vice President Joe Biden and his wife, Jill, paid $96,378 in federal tax last year on adjusted gross income of $407,009. They paid an effective federal income tax rate of 23.7 percent, according to their tax returns.

They paid $16,444 in taxes to their home state of Delaware.

Jill Biden, a community college professor, also paid $3,470 in income tax to Virginia, where she teaches.

The Bidens donated $20,523 to charity last year.

Tax Returns Show Drop in Obamas’ Earnings
http://www.nytimes.com/2014/04/12/us/politics/tax-returns-show-drop-in-obamas-earnings.html?_r=0

By JADA F. SMITHAPRIL 11, 2014


WASHINGTON — President Obama and the first lady, Michelle Obama, released their 2013 tax returns on Friday, showing a sharp decrease in their personal income since filing their 2012 returns.

Mr. Obama became a multimillionaire shortly after his first inauguration from royalties related to his books, “Dreams From My Father” and “The Audacity of Hope,” which earned $5.5 million. Last year, however, most of the income generated by the Obamas came from the president’s $400,000 salary.

The Obamas paid a total of $98,169, with an adjusted gross income of $481,098. The White House said their effective tax rate was 20.4 percent, up from 18.4 percent in 2012, adding that tax legislation the president signed last year required wealthy households, like his, to pay more in order to prevent a tax increase for the middle and working classes.

“As a result of his policies, the president was subject to limitations in tax preferences, as well as additional Medicare and investment income taxes for high income earners,” Jay Carney, the White House press secretary, said in a statement posted online.

The Obamas also gave 12.3 percent of their income to charity, donating $59,251 to 32 different organizations. Fisher House Foundation, a Chicago-based organization that provides free or low-cost housing to veterans receiving medical treatment in military hospitals, received the largest donation, $8,751. In 2012, the president and first lady donated $103,000 to Fisher House.

The Obamas also paid $23,328 in Illinois state taxes.

Vice President Joseph R. Biden Jr. and his wife, Jill, released their 2013 returns as well, paying $96,378 in federal taxes with an adjusted gross income of $407,009, an effective rate of 23.7 percent. They paid about $18,000 in state taxes for both Delaware and Virginia, while contributing $20,523 to charity.

***************************************Credible enough to suit you 2 sites same figures ???

except the first post didn't show donations, made.  If you check all presidents they sure   didn't . pay what normal people paid,so why pick on just one president. this post does a little better on what went where.

oh please with the nit picking, 20.4% is low for his income of course they donated , that is a bump for tax exempt deductions, at least we all know Biden is cheap...

HAH nitpicking, aren't we both doing this? I love Biden hope he runs for President again. Did you check out the chart of what past presidents paid?

nope didn't look at it, you have got to be kidding me Ole Joe can't walk and chew gum at the same time, he has made more blunders in office than I can count, no wonder they keep him away from crowds and a microphone

well could say the same for past president Georgie~not many accomplishments, True? Smiling~ why did'nt you look at records of past presidents taxes?

If I get around to it I will, very few posts that lead to a link do I follow, if possible I prefer copied posts where I can just read it

well I can do the copy paste, but I have to have  approval from the Boss   

oh yeah, I forgot you had been stopped from that for excessive posting

“there is one thing that has been on full display by the Obama family during his time in the White House, it’s that there are two sets of rules and expectations. One set for them and their cronies, and another for the rest of us.


you could say this for every president in the white house. why is Obama any different?

Obama is digging a hole for us to fall into and never recover.

I disagree, the hole was dug by the past administration,we are now digging out.

Obama was the past administration remember he is second term, how long does it take for him to get something right ???

past Bush administration dug the hole Obama is pulling us out of it. it took eight years  to almost destroy our country, it would help if Congress would help our president more maybe it would get done faster, ..Oh I forgot Congress doesn't want Obama to succeed. well guess what he is doing it anyway.

No he isn't, he has managed to divide this country more than it ever was, he is destroying the middle class, and doesn't even acknowledge the lower class, he is all about taking trips under the radar of political business, both he and Michelle have jetted all around the globe at tax payer expense, example her latest trip to China, trips to Hawaii to golf and vacation, how many people see this as a slap in the face when they are struggling to just stay above water in todays economy. He is not a compassionate man he is spoiled with street mentality, remember he has a pen and a phone..wooooo big whoop...His attitude is his downfall.

we will continue to disagree with each other, you will have to show me where we are more divided by Obama. I think the Republican congress is doing the dividing the republicans are hurting the middle class and the poor because they veto every bill and have none of their own,also cutting veterans pay,snap unemployment benefits not extended. states run by republican gov's not expanding medicaid,not  making  jobs which is their job.could go on and on. I think you get the picture. Lawdy SSC what president hasn't jetted around the world Bush had more off days than any president, spending taxpayers money while he cut wood at his ranch,  I don't think your thought is feasible. More people approve of Obama than they do the Republicans in Congress and else where.

No body likes the Congress, but if there weren't so many strings aka pork attached to each bill by Dems then many would have passed, Dems being liberal will spend-spend-spend and worry about it tomorrow, look at the Nat. debt now compared to 6 years ago. You Bush haters just can't stop playing the blame game, after 6 years Obama has had many opportunities to turn this situation around and has accomplished nothing but massive debt, our image in the eyes of other countries is weak, and we owe our soul to China. Now Russia is testing us over the Ukraine, what will Obama do ? Today a Russian ship taunted an American ship, how much longer will this go on . Putin will not back down and he has zero respect for Obama.

that is a bunch of Malarky congress is the ones who started pork~ and always want to cut something for the people like Social security,medicare,etc, and anything that helps we the people. oh yes and republicans have no solution except war, they love war, and the American people are sick of it. yes I blame Bush as most american with common sense do.  Obama has turned things around, and as he said we still aren't there yet, but if we had a working congress we would be.yes still paying for two Bush wars. Obama has spent less than any president.



ps I thought you had rather talk about cooking,flowers and such..I like your recipes much better than your politics just saying, with a smile.

Well I am done for the night anyway, it is storming here and the lightening is getting bad, 81 right now Wed morning low 30's, I just talked to friends north of Springfield Mo, 80 yesterday snowing right now. Might be heading your way. later

yes we are getting storms and rain now, Just sitting down to supper, having breakfast for supper. have a good night.