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(Talking Points Memo)   Last year, the Obamas paid a 25% higher tax rate than Mitt Romney - on only 3.5% of his last reported income   (livewire.talkingpointsmemo.com) divider line 329
    More: Obvious, First Lady Michelle Obama, Dr. Jill Biden, tax rates, adjusted gross income  
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4336 clicks; posted to Politics » on 12 Apr 2013 at 3:10 PM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2013-04-12 02:50:21 PM  
WTF is it with this guy anyway?  Paying a fair tax rate??  Who the heck does he think he is??
 
2013-04-12 02:56:19 PM  
They only paid 18%?

Bunch of scammers
 
2013-04-12 03:11:11 PM  
BUT WHYCOME HE AINT GIVE IT ALL TO THE BLACKS BECAUSE HES SOCIALISM
 
2013-04-12 03:13:09 PM  
How much writing off is he doing?
 
2013-04-12 03:14:53 PM  
Indefinite reference is indefinite. Whose "his last reported income"?
 
2013-04-12 03:16:38 PM  
But Romney was a Job Creator*.

/*for China
 
2013-04-12 03:18:02 PM  
Wow, just wow. The hypocrisy of the POTUS & FLOTUS is just too delicious for words.

$608,611 in income....18.4% in taxes. Let that sink in for a while you guys.
 
2013-04-12 03:18:22 PM  
I'm not racist but, I wasn't aware a person could write off certain food items just because that person is a you know what.
 
2013-04-12 03:18:32 PM  
This just in, if you work for a living, you pay a higher rate than somebody who just shuffles ones and zeroes around a digital marketplace.

/ in before somebody compares idle investing to computer programming
 
2013-04-12 03:18:36 PM  

s2s2s2: How much writing off is he doing?


47%
 
2013-04-12 03:18:49 PM  

Grand_Moff_Joseph: WTF is it with this guy anyway?  Paying a fair tax rate??  Who the heck does he think he is??


So the Bush tax cuts were fair after all!
 
2013-04-12 03:19:42 PM  

Soup4Bonnie: s2s2s2: How much writing off is he doing?

47%


BOOM

though to be fair, it was Romney who wrote off the 47%.
 
2013-04-12 03:21:22 PM  
How long before somebody confuses effective tax rates and marginal tax rates?

And Uncle Joe needs a better accountant. He's up at 22%.
 
2013-04-12 03:21:39 PM  

Lawyers With Nukes: Wow, just wow. The hypocrisy of the POTUS & FLOTUS is just too delicious for words.

$608,611 in income....18.4% in taxes. Let that sink in for a while you guys.


Login:    Lawyers With Nukes     
Account created:    2013-03-30 15:44:11

hmm....
 
2013-04-12 03:22:15 PM  
This just in: the election was 6 months ago

/what does this matter now?
 
2013-04-12 03:23:35 PM  

FlashHarry: Lawyers With Nukes: Wow, just wow. The hypocrisy of the POTUS & FLOTUS is just too delicious for words.

$608,611 in income....18.4% in taxes. Let that sink in for a while you guys.

Login:    Lawyers With Nukes     
Account created:    2013-03-30 15:44:11

hmm....


Lawyers With Nukes: Wow, just wow. The hypocrisy of the POTUS & FLOTUS is just too delicious for words.

$608,611 in income....18.4% in taxes. Let that sink in for a while you guys.


I've let it sink in. Yes I should put you on my ignore list you're right.
 
2013-04-12 03:23:39 PM  

MaudlinMutantMollusk: This just in: the election was 6 months ago

/what does this matter now?


I'm not voting for Obama for a third term.
 
2013-04-12 03:24:11 PM  
I paid 25% in federal income tax alone last year - ouch. More than Obama, even after adjusting for his big charitable deductions.
 
2013-04-12 03:24:40 PM  

skullkrusher: though to be fair, it was Romney who wrote off the 47%.


and this is why I love you.
 
2013-04-12 03:24:44 PM  

MaudlinMutantMollusk: This just in: the election was 6 months ago

/what does this matter now?


It is difficult to release your 2012 taxes returns ten weeks before 2012 ends.
 
2013-04-12 03:26:47 PM  

Lawyers With Nukes: $608,611 in income....18.4% in taxes. Let that sink in for a while you guys.


Of course, they gave a hair under 25% of their income away to charities - actual charities, like Fisher House, not their private social club - so it only makes sense that their effective tax rate is a bit lower.
 
2013-04-12 03:29:36 PM  
  

Justin Bieber's Acne Medication: I paid 25% in federal income tax alone last year - ouch. More than Obama, even after adjusting for his big charitable deductions.


My Marginal was 25% this year, but my effective was 19%.
 
2013-04-12 03:29:40 PM  
static.guim.co.uk
JOBCREATORSJOBCREATORSJOBCREATORSJOBCREATORSJOBCREATORSJOBCREATORSJOB C REATORSJOBCREATORSJOBCREATORSJOBCREATORSJOBCREATORSJOBCREATORSJOBCREAT ORSJOBCREATORSJOBCREATORSJOBCREATORSJOBCREATORSJOBCREATORSJOBCREATORS
 
2013-04-12 03:30:20 PM  

Soup4Bonnie: skullkrusher: though to be fair, it was Romney who wrote off the 47%.

and this is why I love you.


jeez, get a room us
 
2013-04-12 03:30:26 PM  
Now I have to read another shiatty Politics Tab thread.

THANKS, OBAMA.
 
2013-04-12 03:31:53 PM  
The Obamas paid 18.4% Bidens 22% Romney is probably somewhere in the low teens, it is shiat like this that really pisses me off about the US tax code.  When I was a fresh college grad making $27,500 a year living in a shiatty one bedroom apartment driving a 10 year old beater I was paying over 30% taking advantage of every last loophole and deduction.
 
2013-04-12 03:32:07 PM  
It's also worth noting that Obama didn't elect not to claim his charitable contributions on his tax return in order to artificially inflate his own tax rate while people were watching, leaving himself free to later amend his return and claim it after all.
 
2013-04-12 03:32:23 PM  

Lawyers With Nukes: Wow, just wow. The hypocrisy of the POTUS & FLOTUS is just too delicious for words.

$608,611 in income....18.4% in taxes. Let that sink in for a while you guys.


well....lookit who we have here.


back to gray 2 with you.
 
2013-04-12 03:32:57 PM  

kronicfeld: didn't elect not to


wut?
 
2013-04-12 03:34:09 PM  
Therefore Mr. John Galt is automatically President and Mr. Obama must carry a giant globe on his back.

/I am certain that someone will provide reference to President Obama criticizing the burdensome tax rate of families earning more than $500,000 per year.
 
2013-04-12 03:34:24 PM  
i79.photobucket.com


now that's just sad.
 
2013-04-12 03:34:35 PM  

Tom_Slick: The Obamas paid 18.4% Bidens 22% Romney is probably somewhere in the low teens, it is shiat like this that really pisses me off about the US tax code.  When I was a fresh college grad making $27,500 a year living in a shiatty one bedroom apartment driving a 10 year old beater I was paying over 30% taking advantage of every last loophole and deduction.


you were not farking paying 30% in federal income tax, marginal or effective hth
 
2013-04-12 03:34:55 PM  

Tom_Slick: The Obamas paid 18.4% Bidens 22% Romney is probably somewhere in the low teens, it is shiat like this that really pisses me off about the US tax code.  When I was a fresh college grad making $27,500 a year living in a shiatty one bedroom apartment driving a 10 year old beater I was paying over 30% taking advantage of every last loophole and deduction.


that had to include state and local
 
2013-04-12 03:35:35 PM  

kronicfeld: Lawyers With Nukes: $608,611 in income....18.4% in taxes. Let that sink in for a while you guys.

Of course, they gave a hair under 25% of their income away to charities - actual charities, like Fisher House, not their private social club - so it only makes sense that their effective tax rate is a bit lower.


Fisher House Foundation, David A. Coker, President.
2011 Compensation:  $393,850

Oh my Farking God. This dude got $400k to administer a charity?

Buddy, I don't think the Fisher House should have been your first example!
 
2013-04-12 03:37:24 PM  

Lawyers With Nukes: Oh my Farking God. This dude got $400k to administer a charity?


0/10
 
2013-04-12 03:38:20 PM  

skullkrusher: Tom_Slick: The Obamas paid 18.4% Bidens 22% Romney is probably somewhere in the low teens, it is shiat like this that really pisses me off about the US tax code.  When I was a fresh college grad making $27,500 a year living in a shiatty one bedroom apartment driving a 10 year old beater I was paying over 30% taking advantage of every last loophole and deduction.

that had to include state and local


Yea, and probably SS and medicare too.
 
2013-04-12 03:39:04 PM  
Jackson Herring: Tom_Slick: The Obamas paid 18.4% Bidens 22% Romney is probably somewhere in the low teens, it is shiat like this that really pisses me off about the US tax code.  When I was a fresh college grad making $27,500 a year living in a shiatty one bedroom apartment driving a 10 year old beater I was paying over 30% taking advantage of every last loophole and deduction.

you were not farking paying 30% in federal income tax, marginal or effective hth

Point of reference: I made $22k last year.  My effective rate was 5.53%.

/I'm at home, the tax documents were handy
 
2013-04-12 03:39:09 PM  

theknuckler_33: skullkrusher: Tom_Slick: The Obamas paid 18.4% Bidens 22% Romney is probably somewhere in the low teens, it is shiat like this that really pisses me off about the US tax code.  When I was a fresh college grad making $27,500 a year living in a shiatty one bedroom apartment driving a 10 year old beater I was paying over 30% taking advantage of every last loophole and deduction.

that had to include state and local

Yea, and probably SS and medicare too.


I assumed that the Obama number included that
 
2013-04-12 03:40:39 PM  

Grand_Moff_Joseph: WTF is it with this guy anyway?  Paying a fair tax rate??  Who the heck does he think he is??


See?  Proof all along that he isn't a Real Murkan!  IMPEACH!
 
2013-04-12 03:41:30 PM  
WHAR 1040 LONG FORM, WHAR?!


/you know that will be next
 
2013-04-12 03:41:51 PM  

sugardave: Grand_Moff_Joseph: WTF is it with this guy anyway?  Paying a fair tax rate??  Who the heck does he think he is??

See?  Proof all along that he isn't a Real Murkan!  IMPEACH!


*rolleyes*
 
2013-04-12 03:42:25 PM  

Grand_Moff_Joseph: WHAR 1040 LONG FORM, WHAR?!


/you know that will be next


"I hid it in the stack of Romney's returns.  Happy hunting!"
 
2013-04-12 03:43:00 PM  

skullkrusher: theknuckler_33: skullkrusher: Tom_Slick: The Obamas paid 18.4% Bidens 22% Romney is probably somewhere in the low teens, it is shiat like this that really pisses me off about the US tax code.  When I was a fresh college grad making $27,500 a year living in a shiatty one bedroom apartment driving a 10 year old beater I was paying over 30% taking advantage of every last loophole and deduction.

that had to include state and local

Yea, and probably SS and medicare too.

I assumed that the Obama number included that


Why? You don't report that on your tax returns, do you?

/haven't filled out my own taxes in a while
 
2013-04-12 03:43:23 PM  

theknuckler_33: skullkrusher: theknuckler_33: skullkrusher: Tom_Slick: The Obamas paid 18.4% Bidens 22% Romney is probably somewhere in the low teens, it is shiat like this that really pisses me off about the US tax code.  When I was a fresh college grad making $27,500 a year living in a shiatty one bedroom apartment driving a 10 year old beater I was paying over 30% taking advantage of every last loophole and deduction.

that had to include state and local

Yea, and probably SS and medicare too.

I assumed that the Obama number included that

Why? You don't report that on your tax returns, do you?

/haven't filled out my own taxes in a while


sure it's on there.
 
2013-04-12 03:43:30 PM  
I'm just glad that he paid any taxes, what with him not being a US citizen and all.
 
2013-04-12 03:43:45 PM  

skullkrusher: sugardave: Grand_Moff_Joseph: WTF is it with this guy anyway?  Paying a fair tax rate??  Who the heck does he think he is??

See?  Proof all along that he isn't a Real Murkan!  IMPEACH!

*rolleyes*


What, are you trying to deny that there isn't a recently put-forth pretender to the position of POTUS that didn't espouse the view that it's the highest form of patriotic to pay the lowest taxes possible?
 
2013-04-12 03:44:00 PM  

Kome: I'm just glad that he paid any taxes, what with him not being a US citizen and all.


He's got a TIN
 
2013-04-12 03:44:46 PM  
The President's effective federal income tax rate is 18.4 percent.
 
2013-04-12 03:45:12 PM  

sugardave: skullkrusher: sugardave: Grand_Moff_Joseph: WTF is it with this guy anyway?  Paying a fair tax rate??  Who the heck does he think he is??

See?  Proof all along that he isn't a Real Murkan!  IMPEACH!

*rolleyes*

What, are you trying to deny that there isn't a recently put-forth pretender to the position of POTUS that didn't espouse the view that it's the highest form of patriotic to pay the lowest taxes possible?


no, I'm rolling my eyes at the fact that the two of you are, presumably unwittingly, referring to the Bush tax cuts as a "fair tax rate" for a couple who made over $600k last year.
 
2013-04-12 03:45:23 PM  

skullkrusher: theknuckler_33: skullkrusher: theknuckler_33: skullkrusher: Tom_Slick: The Obamas paid 18.4% Bidens 22% Romney is probably somewhere in the low teens, it is shiat like this that really pisses me off about the US tax code.  When I was a fresh college grad making $27,500 a year living in a shiatty one bedroom apartment driving a 10 year old beater I was paying over 30% taking advantage of every last loophole and deduction.

that had to include state and local

Yea, and probably SS and medicare too.

I assumed that the Obama number included that

Why? You don't report that on your tax returns, do you?

/haven't filled out my own taxes in a while

sure it's on there.


On your 1040? I know its on your W-2, but I didn't think you put that on your 1040 anywhere.
 
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