President Obama’s Secretary Paid Higher Tax Rate Than He Didhttp://abcnews.go.com/blo

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  1. Denny Crane

    Denny Crane It's not even loaded! Staff Member Administrator

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    http://abcnews.go.com/blogs/politic...s-secretary-paid-higher-tax-rate-than-he-did/


    President Obama today released his 2011 federal income tax, with he and his wife reporting an adjusted gross income of $789,674. The Obamas paid $162,074 in total tax – an effective federal income tax rate of 20.5%. The Obamas also reported donating approximately 22% of their income to charity — $172,130.

    President Obama has been making a big political push for the “Buffett Rule,” which would require millionaires to pay a minimum of 30% of their income in taxes. To illustrate the point, the president has pointed out that billionaire investor Warren Buffett pays a lower tax rate than does his secretary.

    President Obama’s secretary, Anita Decker Breckenridge, makes $95,000 a year. White House spokeswoman Amy Brundage tells ABC News that Breckenridge “pays a slightly higher rate this year on her substantially lower income, which is exactly why we need to reform our tax code and ask the wealthiest to pay their fair share. ”

    It should be noted that president would not be impacted by the Buffett Rule, though he would see his taxes go up if the so-called Bush tax cuts on higher income wage-earners were allowed to expire, as the president says he wants.
     
    Denny Crane, Apr 13, 2012
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  2. Denny Crane

    Denny Crane It's not even loaded! Staff Member Administrator

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    Re: President Obama’s Secretary Paid Higher Tax Rate Than He Didhttp://abcnews.go.com

    Other than, LOL, the only other obvious response is that he's upped the "rich are those who make $250K or more" to $1M or more so it wouldn't apply to him.

    LOL
     
    Denny Crane, Apr 13, 2012
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  3. MARIS61

    MARIS61 Real American

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    Re: President Obama’s Secretary Paid Higher Tax Rate Than He Didhttp://abcnews.go.com

    Buffett is the one who came up with the $1m figure, but then you knew that.

    By constantly battling to end the Bush taxgifttotheuberwealthy, Obama walks the walk.

    Meanwhile Republicans merely talk the talk.
     
    MARIS61, Apr 13, 2012
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  4. Denny Crane

    Denny Crane It's not even loaded! Staff Member Administrator

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    Re: President Obama’s Secretary Paid Higher Tax Rate Than He Didhttp://abcnews.go.com

    LOL
     
    Denny Crane, Apr 13, 2012
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  5. BLAZER PROPHET

    BLAZER PROPHET Well-Known Member

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    Re: President Obama’s Secretary Paid Higher Tax Rate Than He Didhttp://abcnews.go.com

    OK, Mixim.
     
    BLAZER PROPHET, Apr 13, 2012
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  6. BLAZER PROPHET

    BLAZER PROPHET Well-Known Member

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    Re: President Obama’s Secretary Paid Higher Tax Rate Than He Didhttp://abcnews.go.com

    And a flat tax takes care of this for everyone.

    You make more money, you pay more taxes. Period.
     
    BLAZER PROPHET, Apr 13, 2012
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  7. Denny Crane

    Denny Crane It's not even loaded! Staff Member Administrator

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    Re: President Obama’s Secretary Paid Higher Tax Rate Than He Didhttp://abcnews.go.com

    How about the "Buffet's Secretary Rule?" That we might cut her tax rate to below Buffet's doesn't occur to the guy who wants to leach our wallets.
     
    Denny Crane, Apr 14, 2012
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  8. jlprk

    jlprk The ESPN mod is insane.

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    Re: President Obama’s Secretary Paid Higher Tax Rate Than He Didhttp://abcnews.go.com

    This thread is a statement against Republican tax policy, and confirms that liberals are right--the rich don't pay enough taxes.
     
    jlprk, Apr 15, 2012
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  9. Denny Crane

    Denny Crane It's not even loaded! Staff Member Administrator

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    Denny Crane, Apr 15, 2012
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  10. TradeNurkicNow

    TradeNurkicNow piss

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    Re: President Obama’s Secretary Paid Higher Tax Rate Than He Didhttp://abcnews.go.com

    six figures as a secretary? i doubt she's complaining
     
    TradeNurkicNow, Apr 15, 2012
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  11. huevonkiller

    huevonkiller Change (Deftones)

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    Re: President Obama’s Secretary Paid Higher Tax Rate Than He Didhttp://abcnews.go.com

    Lmfao :lol:

    I love the article.

    This Obama dipshit needs to just implement the same (low) tax rate for everyone.
     
    huevonkiller, Apr 17, 2012
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  12. maxiep

    maxiep RIP Dr. Jack

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    Re: President Obama’s Secretary Paid Higher Tax Rate Than He Didhttp://abcnews.go.com

    What a fucking idiot. He has his life subsidized right now and he's going to make tens of millions of dollars when he leaves office. It's an election year. Why wouldn't he just take what he made and pay 30% or 40% on the gross amount in taxes. It would cost him perhaps an extra $100-200K, but you couldn't buy the goodwill and positive advertising he'd receive for overpaying his taxes. He then grabs the moral high ground. Instead, he's just another limosuine liberal hypocrite.
     
    maxiep, Apr 18, 2012
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  13. jlprk

    jlprk The ESPN mod is insane.

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    Re: President Obama’s Secretary Paid Higher Tax Rate Than He Didhttp://abcnews.go.com

    The Moonie paper is being funny! Did the South Korean Buddhists in the pointed hats give the Editor his orders? Looks like the Reverend Sun Myung Moon is getting daffy in his old age. Maybe he'll make the paper Confucianist.
     
    jlprk, Apr 22, 2012
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  14. Denny Crane

    Denny Crane It's not even loaded! Staff Member Administrator

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    Re: President Obama’s Secretary Paid Higher Tax Rate Than He Didhttp://abcnews.go.com

    Since when is the Washington Post a "moonie" paper?
     
    Denny Crane, Apr 23, 2012
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  15. Eastoff

    Eastoff But it was a beginning.

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    Re: President Obama’s Secretary Paid Higher Tax Rate Than He Didhttp://abcnews.go.com

    Like if he say, donated 100k to charities?
     
    Eastoff, Apr 23, 2012
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  16. Denny Crane

    Denny Crane It's not even loaded! Staff Member Administrator

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    Re: President Obama’s Secretary Paid Higher Tax Rate Than He Didhttp://abcnews.go.com

    Donating to charity means you believe the charity is better suited to doing welfare than the govt. is.

    LOL
     
    Denny Crane, Apr 23, 2012
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  17. barfo

    barfo triggered obsessive commie pinko boomer maniac Staff Member Global Moderator

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    Re: President Obama’s Secretary Paid Higher Tax Rate Than He Didhttp://abcnews.go.com

    Not really. First of all, lots of charities don't have anything to do with welfare. Secondly, it's not possible so far as I know to donate to the federal government and earmark your donation to a specific program or cause (although I suppose if you were talking billions something could probably be arranged). Thirdly, one might choose to donate to a welfare charity because it specializes in a particular area or population group or problem - you can't direct government money that way.

    barfo
     
    barfo, Apr 23, 2012
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  18. Denny Crane

    Denny Crane It's not even loaded! Staff Member Administrator

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    So we agree that govt sucks.
     
    Denny Crane, Apr 23, 2012
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  19. barfo

    barfo triggered obsessive commie pinko boomer maniac Staff Member Global Moderator

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    Re: President Obama’s Secretary Paid Higher Tax Rate Than He Didhttp://abcnews.go.com

    No, we just agree it isn't a private charity.

    barfo
     
    barfo, Apr 23, 2012
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  20. Denny Crane

    Denny Crane It's not even loaded! Staff Member Administrator

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    Re: President Obama’s Secretary Paid Higher Tax Rate Than He Didhttp://abcnews.go.com

    Then maybe we agree that paying taxes isn't so good because you can't direct your money like you want to with a charitable donation. All those billionaires are forming charities instead of giving their money to the govt. because they don't want the govt. spending it.

    Progressives seem to think govt. is the solution to all society's problems. If it is, then no point in donating to charity. Hence hypocrites.

    Govt. is a charity for govt. employees.

    Did you know that something like 15 of the 16 richest neighborhoods directly surround D.C.?

    That's your tax money going from Portland (or wherever) to D.C. and not making it back in any reasonable fashion. That sucking sound is too much money making its way to D.C. for good.
     
    Denny Crane, Apr 23, 2012
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