Was their any doubt Obama was lying the moment he said it? But hey, you should be thanking him (Obama's words).
I'll ask my husband when he gets home. He knows all the tax laws and usually tells me what's coming before the news gets out. He came home yesterday with Obama's tax return. Have you seen it yet? Obama and his wife made over 5 Million. I have to check but I'm thinking he only had 21% taken out of his. He made $374,460 as President and the rest were book sales and speaking engagements.
"The Obamas released their federal and Illinois income tax returns and their gift tax return. They filed a joint 2009 tax return as a married couple and reported $5,623,690 in total income, the majority of that income was generated from the sale of Barack Obama's books. The Obamas reported a federal tax liability of $1,792,414 (including self-employment tax from the book sales), for roughly a 32% average tax rate. They also maxed out their SEP-IRA contribution and took deductions for charity. They opted to have their refund applied towards their 2010 estimated tax in lieu of receiving a refund check.
The Bidens reported total income of $333,182 and a federal tax liability of $71,147, for roughly a 21% average federal tax rate. The Biden's federal tax includes $5,829 of alternative minimum tax and $709 in payroll taxes for household employees (the so-called "nanny tax"). Unlike the President who had a refund, the Bidens reported a balance owed to the IRS in the amount of $5,443." http://taxes.about.com/b/2010/04/15/obamas-2009-tax-return.htm
Looks like these rich bastards aren't paying enough taxes. I wonder if they will make up the difference, since they think the tax rate for rich bastards is too low.
