According to recently released tax returns President Obama and his wife paid a 20.5% federal tax rate on $789,674 in Adjusted Gross Income (“AGI”) for 2011.  This level of income lands the Obama household in the top 1% of US households when compared to the median income of just under $50,000.

And what will President Obama do with his top 1% income?  He’ll avoid his own program come to be known as the Buffett Tax.  The President continually demonizes “the rich” and seeks to impose a minimum 30% tax on incomes over $1,000,000.  He earns an income in the top 1% of all households and yet he’d avoid his own proposal?  What happened to paying one’s “fair” share?!