This hit the newspress today.
Look at how much Tax Obama and Biden paid. They are rich and they pay a whole lot of TAX! And so do almost all rich people. Sure there are those that use corporate loopholes, offshore sheltering, etc.
But people who think the "Rich" are not paying their fair share are clearly mistaken.
Obamas: $5.5 million income, $1.8 million tax bill
WASHINGTON – Thanks to revived book sales after he became president, Barack Obama and his wife, Michelle, made $5.5 million last year. They paid about one-third of it in federal income taxes.
The Obamas gave $329,100 to charities in 2009. The president, who released his tax returns Thursday, also donated his entire $1.4 million Nobel Peace Prize award to 10 charitable groups. He never received the $1.4 million, and it was not included in his 2009 income.
The Obamas paid nearly $1.8 million in federal income tax last year, and $163,303 in Illinois income tax. Among their charitable gifts were $50,000 each to CARE and the United Negro College Fund.
Vice President Joe Biden and his wife, Jill, had far more modest earnings. They reported an adjusted gross income of $333,182 for 2009. They paid $71,147 in federal income taxes, $12,420 in Delaware income taxes and $1,477 in Virginia income taxes, where Jill Biden works as a college professor.
The Bidens gave $4,820 to charity, in cash and in-kind donations.
Maybe the thread title should be, some rich people pay taxes, others don't. Check this out:
http://www.forbes.com/2010/04/01/ge-exx … taxes.html
by Jesusjohn78 2 years ago
Everyone hates the "rich" and I do not understand why. I was always under the impression the American dream was to become successful and stay successful? SO why are we always trying to punish the rich?
by ptosis 9 months ago
Tell Congress: Tax reform should help working families, not millionaires!https://petitions.signforgood.com/prote … orgood.com Want a new house? If you're in a big city or a blue state, you'd be screwed. It limits the mortgage tax deduction of $500,000 for new home purchases....
by Scott S Bateman 6 hours ago
In my experience, they are more than they are not. Science backs it up. Your thoughts?https://www.washingtonpost.com/news/spe … 503c1fe516
by awesome77 7 years ago
Coming from a very poor background, I have come to realize that most rich people do not give a rats ass about the poor! If in doubt, show me a rich person and you will see someone that has gone to great lengths to isolate themselves from the poor!Most rich people like to live in non accessible...
by Texasbeta 6 years ago
I hate to just post a link and walk away, but I cannot imagine it being put more clearly.http://www.rollingstone.com/politics/ne … h-20111109
by tksensei 8 years ago
BARNEY FRANK: "I'm a supporter as many in the House are, of a surtax on very wealthy people. We should probably be restraining this. But secondly, this is why a surtax on the very wealthy ought to go forward. This is a way in which we can make up for some of the problems of having to pay for...
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