posted April 13, 2013 12:42 AM            

Obama paid 18% in taxes this year?

I give him props for giving so much to charity on the side but... 18%? After listening to him for how many years droning on and on and on and on about 'fair share'?

I wonder where all the liberals are that were screaming about Mitt Romney's taxes. My FB liberal friends are strangely quiet about it.

posted April 13, 2013 04:19 AM            

"Revenue is not the problem." How many times have we heard this from Congressional Republicans>?

In the wake of the Bush tax cuts, and the Great Recession, tax revenue has fallen through the floor to near-historic lows. As a percentage of GDP, it's fallen 24% since 2001, and if you correct for inflation, the government is collecting nearly 20 percent less per person than it was a decade ago. At the same time, the population-adjusted costs of mandatory spending programs- driven by Medicare, including its new prescription drug benefit, and Medicaid~have increased by over 30 percent.
And of course, defense spending has skyrocketed. But if you isolate domestic discretionary programs, a decade later we're spending no more on a per-person basis than we were back then.

:edit you mention his charity contributions. I looked it up and he paid 24%- the largest going to housing for family of disabled veterans.

posted April 13, 2013 07:10 AM            

What flavor Kool-aid do you drink? Grape or Lemon-lime

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Passion, Lust, Desire. Check out my journal

posted April 13, 2013 09:37 AM            

quote:

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Originally posted by Node:
Prove it, AA

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Node-y

It is perfectly legal to put money in the Caymans. Many people do. So, you are supposed to be someone who knows about life. You sure talk a good game. How could you miss this

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Passion, Lust, Desire. Check out my journal

posted April 13, 2013 10:48 AM            

I find it odd that all my pals that screamed about Romney not paying enough taxes are completely and utterly silent about this.

And not just Obama. Let's be fair. His Vice President is paid the same rate and gave less than 2% to charity.

posted April 13, 2013 05:36 PM            

I'd say obama has a better accountant than you do! And if you don't see the difference between giving 25% to charity, and 10%(like romney) maybe you aren't wanting to...

posted April 13, 2013 07:05 PM            

How could you miss your proof that Obama has money there? Nice try at deflection.

Where is the proof?

posted April 14, 2013 02:20 PM            

quote:

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Originally posted by katatonic:

I'd say obama has a better accountant than you do! And if you don't see the difference between giving 25% to charity, and 10%(like romney) maybe you aren't wanting to...

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I don't know what the difference in charity donations between Obama and Romney really has to do with anything? I guess I wonder if they do it out of the goodness of their hearts or to get tax deductions to pay as little tax as possible. I don't have a great love of Romney either, btw. It's not like I'm a Republican. Politicians are corrupt and blatant hypocrites.

We do have a good accountant. We also have several small businesses so the IRS likes to stick it to us extra hard where ever they can.

posted April 14, 2013 02:58 PM            

He gave more than his fair share did he not?

18+
24
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posted April 15, 2013 12:18 PM            

quote:

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We also have several small businesses so the IRS likes to stick it to us extra hard where ever they can.

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I don't envy you:

Likely tax cheats flock South, West

WASHINGTON (AP) — Worried the Internal Revenue Service might target you for an audit? You probably should be if you own a small business in one of the wealthy suburbs of Los Angeles.

You might also be wary if you're a small-business owner in one of dozens of communities near San Francisco, Houston, Atlanta or the District of Columbia.

A new study by the National Taxpayer Advocate used confidential IRS data to show large clusters of potential tax cheats in these five metropolitan areas. The IRS uses the information to target taxpayers for audits.

...

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With regard to the subject, I don't know that the Obama's effective rate is different from others making similar amounts.

quote:

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I wouldn't even blink at his tax rate if I didn't have to hear for years about the rich paying more and that if you make $250,000 you are RICH so it is your 'patriotic duty' to pay more.

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If one is making $250,000/year and can't handle a tax increase, I think it's time one meets Dave Ramsey. This Christian Conservative will absolutely help one figure out how to live within one's generous means.

posted April 15, 2013 01:24 PM            

it's all relative, but this article gives a few hints as to why $250000 seems like so little to some...

in some ways those of us who failed to succeed in the treadmill days are doing better than those who did well. because keeping up with the joneses can cost every penny, those who declined to do so but saved and strategized are now in position to feel comfortable...