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Buckwheat's Deplorable 18% Income Tax

Mike

Well-known member
WTF? We heard about Romney's low tax rates for a year from the Left with them saying that above $250K per year should pay 30%.

Amazing what a demagogue he is!!!!!!!!!!

http://www.huffingtonpost.com/2013/04/15/joe-scarborough-obama-tax-rate_n_3085133.html?ncid=txtlnkushpmg00000037&ir=Politics

OT & Flounder must have their heads buried in the mud.......... :roll:
 

Tam

Well-known member
The US would be further ahead if they allowed the President to pay no income tax as long as he is responsible for ALL THE EXPENSES OF HIS FAMILY'S VACATIONS. His Income tax doesn't even cover one flight on Air Force One and he and his wife take separate jets on EVERY FAMILY VACATION.
 
A

Anonymous

Guest
Obama supported the Buffett rule, which would have raised his tax rate to 30%. He urged in his 2012 State of the Union address, "we need to change our tax code so that people like me, and an awful lot of Members of Congress, pay our fair share of taxes."

I guess if all you rightwinger Repubs wanted Obama to pay a higher rate you should have supported his change in the tax code.... :wink:

An interesting comparison of Presidential salaries:

Date established----------Salary-----------------Salary in 2012 dollars

September 24, 1789--- $25,000---------------- $673,451
March 3, 1873---------- $50,000---------------- $992,777
March 4, 1909---------- $75,000-------------- $1,954,850
January 19, 1949----- $100,000---------------- $967,315
January 20, 1969----- $200,000-------------- $1,254,610
January 20, 2001----- $400,000---------------- $519,979
 

Steve

Well-known member
When I believe in something, and believe it is the right thing to do.. I do it.

I support the idea.. I use it in my life...

if I believed that I didn't pay enough taxes,.. let alone my fair share,..
I wouldn't take every possible deduction.. I wouldn't use accounting techniques to reduce my taxable income.. I wouldn't use tax deferments, carried over losses.. I would do a straightforward form and pay the tax rate I believed was fair....

but then when I "believe something,..."I actually do believe it" .. unlike some who spout propaganda.. and do nothing to support the notion..

while you may believe Obama when he says..

Obama supported the Buffett rule, which would have raised his tax rate to 30%.

"we need to change our tax code so that people like me, and an awful lot of Members of Congress, pay our fair share of taxes."

obviously Obama doesn't support or believe in what he said is true.. :? :???: :shock:

if Obama really supported the Buffet rule.. he would have "paid his fair share".. which he says is much higher then just the current 30% rate he didn't pay
 

hopalong

Well-known member
Oldtimer said:
Obama supported the Buffett rule, which would have raised his tax rate to 30%. He urged in his 2012 State of the Union address, "we need to change our tax code so that people like me, and an awful lot of Members of Congress, pay our fair share of taxes."

I guess if all you rightwinger Repubs wanted Obama to pay a higher rate you should have supported his change in the tax code.... :wink:

SO why didn't he pay his fair share oldtimer????You just cannot condem him can you old tiimer????
He11 i paid more than he did,,,but then i am old,,,grey haired((what little i have left :wink: )))) and a PUB, and made less than he did..so you can bytch about that when you rant too!!!!!!! :D :D
 

Mike

Well-known member
Oldtimer said:
Obama supported the Buffett rule, which would have raised his tax rate to 30%. He urged in his 2012 State of the Union address, "we need to change our tax code so that people like me, and an awful lot of Members of Congress, pay our fair share of taxes."

I guess if all you rightwinger Repubs wanted Obama to pay a higher rate you should have supported his change in the tax code.... :wink:

An interesting comparison of Presidential salaries:

Date established----------Salary-----------------Salary in 2012 dollars

September 24, 1789--- $25,000---------------- $673,451
March 3, 1873---------- $50,000---------------- $992,777
March 4, 1909---------- $75,000-------------- $1,954,850
January 19, 1949----- $100,000---------------- $967,315
January 20, 1969----- $200,000-------------- $1,254,610
January 20, 2001----- $400,000---------------- $519,979

Why couldn't Buckwheat "Lead By Example" and send a check to the Treasury for his 30%? I can guarantee they'll cash it.

Then he wouldn't be such a hypocrite.......................

No, he's a practitioner of "Do As I Say", not "Do As I Do". :roll:
 

Sandhusker

Well-known member
Oldtimer said:
Obama supported the Buffett rule, which would have raised his tax rate to 30%. He urged in his 2012 State of the Union address, "we need to change our tax code so that people like me, and an awful lot of Members of Congress, pay our fair share of taxes."

I guess if all you rightwinger Repubs wanted Obama to pay a higher rate you should have supported his change in the tax code.... :wink:

An interesting comparison of Presidential salaries:

Date established----------Salary-----------------Salary in 2012 dollars

September 24, 1789--- $25,000---------------- $673,451
March 3, 1873---------- $50,000---------------- $992,777
March 4, 1909---------- $75,000-------------- $1,954,850
January 19, 1949----- $100,000---------------- $967,315
January 20, 1969----- $200,000-------------- $1,254,610
January 20, 2001----- $400,000---------------- $519,979

First of all, the premise behind the Buffet Rule is bullshirt. Sans a few exceptions, the rich pay more money based on higher rates. Secondly, did Obama take deductions?
 

hopalong

Well-known member
you expect oldtimer to answer that?????? He cannot even figure his own worth outside of his self importance...Oldtimer did you deduct the knee pads??? they might be deductable since it is in the practice of giveing aid and satisfaction to a liberal :wink: :wink:
 

hypocritexposer

Well-known member
Sandhusker said:
Oldtimer said:
Obama supported the Buffett rule, which would have raised his tax rate to 30%. He urged in his 2012 State of the Union address, "we need to change our tax code so that people like me, and an awful lot of Members of Congress, pay our fair share of taxes."

I guess if all you rightwinger Repubs wanted Obama to pay a higher rate you should have supported his change in the tax code.... :wink:

An interesting comparison of Presidential salaries:

Date established----------Salary-----------------Salary in 2012 dollars

September 24, 1789--- $25,000---------------- $673,451
March 3, 1873---------- $50,000---------------- $992,777
March 4, 1909---------- $75,000-------------- $1,954,850
January 19, 1949----- $100,000---------------- $967,315
January 20, 1969----- $200,000-------------- $1,254,610
January 20, 2001----- $400,000---------------- $519,979

First of all, the premise behind the Buffet Rule is bullshirt. Sans a few exceptions, the rich pay more money based on higher rates. Secondly, did Obama take deductions?



obama takes "deductions", Romney takes advantage of "loopholes" :lol:
 

Tam

Well-known member
Oldtimer said:
Obama supported the Buffett rule, which would have raised his tax rate to 30%. He urged in his 2012 State of the Union address, "we need to change our tax code so that people like me, and an awful lot of Members of Congress, pay our fair share of taxes."

I guess if all you rightwinger Repubs wanted Obama to pay a higher rate you should have supported his change in the tax code.... :wink:
[/quote]

So Obama claims he supports the Buffett rule and it would raise his tax rate to 30% eh Oldtimer?

The Obamas' falling tax rate

By STEVEN SLOAN and KELSEY SNELL | 4/12/13 6:23 PM EDT Updated: 4/15/13 8:07 AM EDT

President Barack Obama and his wife, Michelle, paid the lowest effective tax rate since they moved into the White House by taking advantage of the most popular — and expensive — benefits in the tax code.

Tax returns released by the White House on Friday show that the Obamas paid an effective tax rate of 18.4 percent on more than $608,000 in adjusted gross income earned in 2012. Last year, their rate was 20.5 percent.

They were able to lower the amount of income on which they were taxed by more than $258,000 by claiming several big-ticket deductions.

The first family’s biggest deduction by far stems from the $150,034 in donations they made to 33 charities, including the Fisher House Foundation, a charity that helps the families of wounded veterans, and the Sidwell Friends School, where the president’s daughters attend school.

The Obamas’ return serves as an interesting test case for how some of the proposals outlined in the White House budget released this week would raise taxes on high earners.

For instance, the budget calls on lawmakers to impose a 28 percent cap on deductions for taxpayers that fall into the top tax brackets.

The deduction cap would apply to the Obamas because their 2012 taxable income placed them in the 33 percent tax bracket. If the deduction cap were in place, the value of their charitable contributions — their biggest deduction — would have declined by about $7,500.

The Obamas also wrote off more than $63,000 in Illinois state and local taxes and more than $45,000 in mortgage interest paid on their Chicago home, and the value of those breaks would also fall if the cap were in place.

The Obamas wouldn't be subject to the budget proposal’s Buffett Rule — which imposes a minimum 30 percent tax rate on top earners — because their income is less than $1 million.

The Obamas were hit particularly hard by the complex alternative minimum tax, which was designed to make sure the wealthy can’t use deductions to reduce their tax bill by too much. It accounted for about $21,000 of the family’s total tax bill.

Obama’s budget doesn’t propose any changes to the AMT, but an overhaul of the tax would likely be part of any tax reform effort that advances this Congress.

During last year’s campaign, Democrats highlighted the 14.1 percent rate tax rate Mitt Romney paid on more $13.7 million in income as evidence that the tax code favors the rich.

While the president’s tax rate is edging closer to what his presidential rival paid, it remains higher, in part, because Romney was able to take advantage of tax breaks that focus on investments, which made up most of his income.


Read more: http://www.politico.com/story/2013/04/obama-taxes-highlight-budget-choices-90014.html#ixzz2QgJE5Ugg
 

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