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Obama only paid a 26% income tax rate for 2010

apdst

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Why didn't he voluntarily pay the top percentage rate?

Another big question I have, is how did his income drop 4 million bucks, in a year? I'm betting that someone is hiding some serious jack...through tax loopholes.

Mr. Obama and his wife, Michelle, on Monday reported an adjusted gross income of $1,728,096 for 2010, down from $5.5 million in 2009. Most of their income came from sales of his books “Dreams From My Father” and “The Audacity of Hope.” The Obamas paid $453,770 in federal taxes, for an effective tax rate of just over 26 percent; the top individual tax rate is 35 percent.

Obama Tax Return Shows Income Down, Mostly from Book Sales - NYTimes.com
 
I was going to say maybe he lost his job, but he's the only one in the country with a guaranteed job for 4 years.

Damn it must be nice. Fyck up the country royally and get paid for it.
 
Why didn't he voluntarily pay the top percentage rate?

Another big question I have, is how did his income drop 4 million bucks, in a year? I'm betting that someone is hiding some serious jack...through tax loopholes.

You ask the question, and then add an article which has the exact answer to your question???
 
Why didn't he voluntarily pay the top percentage rate?

You think the Leader of the Free World would lead by example............

.....and yet he took advantage of every tax loophole he claims to despise.........


Do as I say--Not as I do...........
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You think the Leader of the Free World would lead by example............

.....and yet he took advantage of every tax loophole he claims to despise.........


Do as I say--Not as I do...........
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Care to prove that statement?
 
You ask the question, and then add an article which has the exact answer to your question???

I know what the article said. My question is: what's the truth. A 4 million dollar drop sounds like alot.
 
this thread again shows the reich wing is clueless about things economic
in various discussions a distinction has been made between marginal tax rate and effective tax rate to show why the wealthy are able to exploit tax loopholes
and it is clear in this thread that many remain clueless of the distinction between the marginal and effective tax rates


learn from Judge Learned Hand:
"Anyone may arrange his affairs so that his taxes shall be as low as
possible; he is not bound to choose that pattern which best pays the
treasury. There is not even a patriotic duty to increase one's taxes.
Over and over again the Courts have said that there is nothing sinister
in so arranging affairs as to keep taxes as low as possible. Everyone
does it, rich and poor alike and all do right, for nobody owes any
public duty to pay more than the law demands."
Obama is entitled to exploit the loopholes like any other taxpayer
if we want the exploitation ended, then we must convince the congress to close those loopholes. as Obama has requested
 
Obama is entitled to exploit the loopholes like any other taxpayerif we want the exploitation ended, then we must convince the congress to close those loopholes. as Obama has requested

But HusSame said the rich want to pay higher taxes........

.........so whats stopping that pile of Kenyan excrement?.....besides his glaring hypocrisy.
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But HusSame said the rich want to pay higher taxes........

.........so whats stopping that pile of Kenyan excrement?.....besides his glaring hypocrisy.
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what is stopping him is a tax code laden with tax loopholes. the ones he wants closed

it appears you ignored the statement of Judge Learned Hand
 
what is stopping him is a tax code laden with tax loopholes. the ones he wants closed

it appears you ignored the statement of Judge Learned Hand

Nobody forced Obama--The President of Hypocrisy..... to take all the Deductions that he did.........nothing stopped him from paying the Clinton era tax rates.
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Nobody forced Obama--The President of Hypocrisy..... to take all the Deductions that he did.........nothing stopped him from paying the Clinton era tax rates.
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if Obama had paid taxes above what was required then those of your ilk would have begun a thread insisting Obama proved he was was stupid, by paying more than he was obligated
 
But HusSame said the rich want to pay higher taxes........

.........so whats stopping that pile of Kenyan excrement?.....besides his glaring hypocrisy.
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the rich who "want to pay higher taxes" is really a case of dem elites wanting to raise taxes so dems can win more elections by pandering to the envy of the many or convincing some less than sharp middle class people who do worry about the deficit that tax hikes on the rich will pay for the buying of the middle class's votes through handouts
 
if Obama had paid taxes above what was required then those of your ilk would have begun a thread insisting Obama proved he was was stupid, by paying more than he was obligated

A Leader......leads......

He says the Rich should pay more.......

He says we should spread the wealth.....

.....why doesnt the President of Hypocrisy put his money where his mouth is?
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If I was mod I'd thread ban Badmutha from every thread he enters, not because he violates forum rules, its not against the rules to be stupid anyway, but because he degrades every topic he enters so quickly and so thoroughly there's nothing left reading. Its almost inspiring.
 
I know what the article said. My question is: what's the truth. A 4 million dollar drop sounds like alot.

Do some research. Here's a little truth for you to help you get started! The article, has facts, you have nothing but speculation and a general desire to believe anything that supports your opinion or reinforces that fantasical view of that world. Unless you get something, or explain your indepth knowledge of Obama's taxes, "sounds like a lot" isn't very convincing. Using something which carries so little weight, like the "way it sounds" especially considering how partisan you are, to outweight hard fact would truely show just how much you've lost touch with reality.
 
My scratchpad calculation would indicate that this is entirely within the normal range for someone at his income level.

So, clearly, all the conservative posters in this thread think the rich should be taxed more. :D

As for why he made less money this year... you understand people tend to stop buying and reading your book after they've already done so, right? A book's sales drop dramatically after the first few months. How is this hard to understand?
 
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If I was mod I'd thread ban Badmutha from every thread he enters, not because he violates forum rules, its not against the rules to be stupid anyway, but because he degrades every topic he enters so quickly and so thoroughly there's nothing left reading. Its almost inspiring.

I like how he makes every effort to point out President Obama's middle name, as if that were somehow important. Reagan's middle name was Wilson. Like the ball from that Tom Hanks movie!
 
Why didn't he voluntarily pay the top percentage rate?

Another big question I have, is how did his income drop 4 million bucks, in a year? I'm betting that someone is hiding some serious jack...through tax loopholes.

Only 26%....bastard. :lol:
 
A Leader......leads......

He says the Rich should pay more.......

He says we should spread the wealth.....

.....why doesnt the President of Hypocrisy put his money where his mouth is?

Because the law doesn't require it. If Obama passed a law where he had to pay more in taxes, he would probably follow it.
 
this thread again shows the reich wing is clueless about things economic
in various discussions a distinction has been made between marginal tax rate and effective tax rate to show why the wealthy are able to exploit tax loopholes
and it is clear in this thread that many remain clueless of the distinction between the marginal and effective tax rates


learn from Judge Learned Hand:
Obama is entitled to exploit the loopholes like any other taxpayer
if we want the exploitation ended, then we must convince the congress to close those loopholes. as Obama has requested

You're absolutely right. However, I question the hell out of a president that decries rich people, all the while he's rich and playing the same games.
 
You're absolutely right. However, I question the hell out of a president that decries rich people, all the while he's rich and playing the same games.

I got a feeling if he had paid more, you'd be saying something about how he must think we are all dumb, how else would he think we'd all follow the 'messiah' and do something as idiotic and give more money than we had to to the government.

That or some other BS.
 
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