President Obama Pays Less In Taxes Than His Secretary According To Report | Mediaite
President Barack Obama made news on Friday after an early information dump which included his 2011 tax filings revealed that the president and his wife paid 20.5 percent on nearly $789,674 of adjusted gross income. President Obama’s secretary, Anita Decker Breckenridge, who makes $95,000 per year paid a “slightly higher rate” than the president.
Obama Family Tax Shelter | Washington Free Beacon
Obama Family Tax Shelter
First family transfers wealth, avoids taxes
President Obama and his wife, Michele, gave a total of $48,000 in tax-free gifts to their daughters, according to tax records made public on Friday.
The president and his wife separately gave each daughter a $12,000 gift under a section of the federal tax code that exempts such donations from federal taxes.
There is nothing illegal about the president’s taking advantage of this tax shelter, but it does raise eyebrows given that he has lamented the myriad tax exemptions used by the wealthy—“millionaires and billionaires” like himself—to pay less in taxes. He has yet to propose a comprehensive plan to reform the byzantine tax code.
Definitive proof The Bamster's are "unpatriotic" America haters. Congress must pass the "Obama rule" so they can pay taxes at the highest level. We also need to get rid of all these 'tax shelters' that allow the Obama's to hide their wealth and avoid paying their fair share.
Whats fair is fair, no?