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Thread: Obama only paid a 26% income tax rate for 2010

  1. #171
    Educator shintao's Avatar
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    Re: Obama only paid a 26% income tax rate for 2010

    Quote Originally Posted by Barbbtx View Post
    Obama is a hypocrite because he got on National television and said he, personally could afford to pay more taxes.
    So why didn't he? Why did he instead take every deduction or loophole available to him to keep from paying more?
    He wanted a new basket ball? He wanted to pay the same amount of taxes as Chevron & Shell put together?

  2. #172
    Educator shintao's Avatar
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    Re: Obama only paid a 26% income tax rate for 2010

    Quote Originally Posted by TurtleDude View Post
    you are babbling nonsense.
    Can't help an idiot.

  3. #173
    warrior of the wetlands
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    Re: Obama only paid a 26% income tax rate for 2010

    Quote Originally Posted by shintao View Post
    Can't help an idiot.
    so you called yourself an idiot?



  4. #174
    Educator shintao's Avatar
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    Re: Obama only paid a 26% income tax rate for 2010

    Quote Originally Posted by TurtleDude View Post
    so you called yourself an idiot?
    Only an idiot would miss being called an idiot.

  5. #175
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    Re: Obama only paid a 26% income tax rate for 2010

    Quote Originally Posted by shintao View Post
    generosity to who?
    Charities.

    Oh well, I see Obama's giving is way up this year. 14% wooowhooo. Good job!

    anyway, I found this interesting article. I don't agree with a lot of it about how taxes must be raised. However, he was dead on about why Obama should have taken the opportunity to lead on his own tax return.

    Gregg Easterbrook | Analysis & Opinion | Reuters.com

    Though tax increases alone cannot put the country’s fiscal house in order, the president should set a better example on his own tax returns.
    That $245,000 the Obamas gave to charity, for example — deducting it on their Schedule A reduced their federal tax bill by roughly $85,000, and cut their Illinois state tax bill too. But you’re not required to deduct charitable giving, or to claim any tax favor. Deductions and tax credits are options. If you think the government deserves more of your income, don’t claim them.
    Obama said last year that itemized deductions for the wealthy should be phased out — then on his own tax return, claimed a huge itemized deduction. Until those who advocate higher taxes for the well-off practice what they preach, the national debt situation may only get worse.
    Catawa is my favorite bleeding heart liberal.
    1/27/12

  6. #176
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    Re: Obama only paid a 26% income tax rate for 2010

    Quote Originally Posted by UtahBill View Post
    can you be a liberal and be a good christian?
    I don't see why not.
    I wasn't painting them with a big brush.
    Catawa is my favorite bleeding heart liberal.
    1/27/12

  7. #177
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    Re: Obama only paid a 26% income tax rate for 2010

    Quote Originally Posted by SheWolf View Post
    His job isn't guaranteed
    Yes it is. The President of The United States is hooked up for life, even after he's out of office.

  8. #178
    warrior of the wetlands
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    Re: Obama only paid a 26% income tax rate for 2010

    Quote Originally Posted by apdst View Post
    Yes it is. The President of The United States is hooked up for life, even after he's out of office.
    look at how much clinton makes



  9. #179
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    Re: Obama only paid a 26% income tax rate for 2010

    Quote Originally Posted by Spaceman_Spiff View Post
    Well, at least we cleared up that you don't know how a progressive income tax works. The only part of President Obama's income that is subject to the 35% is anything above $350,000. Everything else is subject to the corresponding tax brackets. For example, excluding deductions, he would pay the same amount on his first $50,000 as someone who only made $50,000.
    Including deductions, he paid taxes on more than a million bucks. He's a millionaire. Why are you defending a millionaire that doesn't produce a single job?

    I am glad to see that all it would took for you to do your duty is for a Democrat to be in the White House. Keep up the good work!
    Did GW raise taxes? No? Didn't think so. Keep trying.

  10. #180
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    Re: Obama only paid a 26% income tax rate for 2010

    Quote Originally Posted by SheWolf View Post
    Are you going to complain about all the millionaires abusing tax loopholes or just assume Obama does it, and only complain about him?

    So, do you admit that Obama is abusing tax loopholes?

    How about you tell us exactly how he's abusing thiose loopholes?

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