The following info is factual. It isn’t intended to be a swipe at any one person or political party although we suspect it will be construed as such. That’s life in 2016. So be it.
- According to papers released by The White House President and Mrs. Barack Obama had $436,000 of income in 2015 on which they paid $81,500 in taxes. That’s an effective tax rate of 18.7%.
- The 45 pages of documents detail the sale/redemption of roughly $1 million of U.S. Treasury notes. By definition President and Mrs. Obama are millionaires.
- The White House is a supporter of the so-called Buffett Rule – a plan that would apply a minimum 30% rate on taxpayers earning more than a million dollars a year. The White House went as far as to write a piece in 2012 entitled “The Buffett Rule: A Basic Principle Of Tax Fairness.”
Time and again President Obama has waged war – vilifying all the ‘greedy millionaires and billionaires.’ And so we ask . . . where is the outrage? Will there be a primetime Oval Office special where President Obama rails against himself for sticking it to the rest of us?
Clearly not. Proof once more that fair is literally and figuratively a four-letter word. Food for thought for the next time someone in D.C. tries to BS us with rhetoric about ‘fair’ policies.
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