Romney slammed for not paying fair share in taxes

Posted in: Muscatine
  • Avatar
  • hiroad
  • Respected Neighbor
  • The Hilltop
  • 5055 Posts
  • Respect-O-Meter: Respected Neighbor

Unlike the libs, "tattling" was not even a consideration for me.  The obvious disingenuousness you guys exhibit is enough to let us know who/what we are dealing with.  This is not a new revelation on this sight.  It is just confirming proof of the typical 'end justifies the means' commie/lib lying when it suits your purpose.

 

By the way, ever notice how the "tattle tails" in school all grew up to become democrats?  It's their meddling nature.

  • Avatar
  • hiroad
  • Respected Neighbor
  • The Hilltop
  • 5055 Posts
  • Respect-O-Meter: Respected Neighbor

Hey:  He knows what's best for all of us! (with the emphasis on the "us"):

 

Did Obama pay Less Than His Secretary?

by Keith Koffler on April 13, 2012, 12:00 pm

President Obama paid a total federal tax rate of 20.5 percent on a gross adjusted income $789,674, a rate that may come in below that of his secretary.

Obama has spent the past week touting the Buffett Rule, which calls on those who make $1 million – just a little more than Obama made – to pay at federal tax rate of at least 30 percent. The rule was inspired by Buffett’s comment that he paid a lower tax rate than his secretary.

The most recent information about salary regarding Obama’s secretary is for his former secretary, Katie Johnson, who is listed by the White House as having made $90,000 in 2010.

According to Wikipedia, Johnson is 31 years old and now attends Harvard Law School. I don’t know about her personal life or what her deductions would be, so I can’t assume any children or deductions.

On a $90,000 salary, she would pay $16,578 in federal taxes, $3,780 to Social Security, and $1,305 in Medicare taxes.

That adds up to a total federal tax burden of $21,663 on $90,000 in adjusted gross income, or a tax rate of 24 percent, well above Obama’s rate of 20.5 percent, even though Obama’s 2011 salary was nearly nine times the 2010 salary of his secretary.

{ 1 comment }

Obama Fails to Apply the Buffett Rule to Himself

by Keith Koffler on April 13, 2012, 11:34 am

President Obama chose not to subject himself to his own proposed Buffett Rule, paying only a 20.5 percent federal tax rate instead of the 30 percent rate called for under the proposal he has been talking about all week.

The Buffett rule would apply to those making $1 million, and Obama did not quite make $1 million last year – he clocked in at $789,674. But he made enough to be considered comparably rich to those making a million, and still paid a rate ten points below the threshold he is proposing.

What’s more, he paid a lower rate than Vice President Biden, who made less than half what Obama did. Biden paid a 23.2 percent rate on $379,035 in income.

Some of the difference is due to deductions for charitable contributions – the Obamas contributed substantially more last year than the Bidens.

  • Avatar
  • The Fox
  • Respected Neighbor
  • USA
  • 856 Posts
  • Respect-O-Meter: Respected Neighbor

Not to worry!  Soon, Mallory and BeeDeeEye will let us know what is a fair percentage for the community organizer.

  • Avatar
  • BDI
  • Respected Neighbor
  • Illinois
  • 870 Posts
  • Respect-O-Meter: Respected Neighbor

Sticking to your guns isn't a new and ultrbright  solution for saying I told you so. Nor is it any indicator of intellect or salvation in the end. That's a bilateral distinction at best. Gooses and ganders know what's good for the other but not themselves it seems. The dems get poor marks as well as the repubs. Whilst the lying commences by one- the other brings up the rear until the next trade-off election. Okay so all we proved is that politicians are liars and one side is as bad as the other and those that support either during their glory days have eaten a load of crap but refuse to say it tastes bad. Hooray! Still not a winner. The end only justifies the means once they trade places for a short time. The trick is to hold onto the one that causes the least pain. I think that's Paul, but I realize it's a dream. Obama? Not a chance. You can crow all you will, but you cannot claim you know best or ever did because you say so..

Advertise Here!

Promote Your Business or Product for $10/mo

istockphoto_1682638-attention.jpg

For just $10/mo you can promote your business or product directly to nearby residents. Buy 12 months and save 50%!

Buynow