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Does Obama Pay Less Taxes Than His Secretary?

Tyler Durden's picture




 

Courtesy of the class division SWAT team, we already know all too well that Buffett had a lower tax rate than this secretary. We however have a question: according to just released data, the Obama's paid $789,674 in taxes in 2011...

  • OBAMAS PAID 20.5% IN TAXES ON $789,674 IN 2011

From Bloomberg: "President Obama, wife Michelle had adjusted gross income of $789,674 in 2011, paid $162,074 in taxes, according to federal tax returns released by White House."

Source: White House

So... inquiring minds want to know if the Fairness Expert in Chief paid less than his secretary in 2011?

 

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Fri, 04/13/2012 - 10:52 | 2341609 mayhem_korner
mayhem_korner's picture

 

 

Apparently, taxpayer-funded boondoggles...er...vacations don't count toward "income." 

Fri, 04/13/2012 - 11:02 | 2341647 SilverTree
SilverTree's picture

Who fucking cares? I haven't payed/filed my taxes in years. Fuck-em.

Fri, 04/13/2012 - 11:33 | 2341672 GOSPLAN HERO
GOSPLAN HERO's picture

Obamas' tax return did not include kickbacks from unions, GE and solar firms.

Fri, 04/13/2012 - 11:39 | 2341794 TheFourthStooge-ing
TheFourthStooge-ing's picture

.

kickbacks from unions, GE and solar firms were not counted

That's because those go to "special fund" (wink wink nudge nudge) which makes a net positive contribution directly to GDP.

It's a very complicated method of accounting. Nobody but PhD economists can understand the many-faceted veneer of complexity surrounding the government's mathematical models; this is why we should simply accept what they say.

 

Fri, 04/13/2012 - 12:01 | 2341882 Surly Bear
Surly Bear's picture

Tyler, congrats, you made Drudge. <3

Fri, 04/13/2012 - 12:09 | 2341923 Chief KnocAHoma
Fri, 04/13/2012 - 13:21 | 2342156 Ahmeexnal
Ahmeexnal's picture

The "Fearless Golfer", the "Wisest of the Wise", the "Ringleader of the Thieves" paid less taxes than his caddy??

The libtards will retort to that with: "At least he's not a republican"

HOPE AND CHANGE!!

Fri, 04/13/2012 - 12:12 | 2341936 Carl Spackler
Carl Spackler's picture

How does Obama take a $5,911.00 SELF EMPLOYMENT TAX DEDUCTION ?

The Buffet Rule needs to include the elimination of "business expense" deductions for politicians' book publishing activities to bring their tax rates up to that of secretaries. 

Fri, 04/13/2012 - 15:39 | 2342537 Pure Evil
Pure Evil's picture

Yeah, but did you see that $49,000 he stuffed away in his Keogh?

All tax free!

Fri, 04/13/2012 - 12:41 | 2341970 johnnymustardseed
johnnymustardseed's picture

Did someone miss this on purpose???

The President and First Lady also reported donating $172,130 – or about 22% of their adjusted gross income – to 39 different charities. The largest reported gift to charity was a $117,130 contribution to the Fisher House Foundation. The President is donating the after-tax proceeds from his children’s book to Fisher House, a scholarship fund for children of fallen and disabled soldiers

He also paid $31,941 in state taxes

Fri, 04/13/2012 - 15:14 | 2342510 veyron
veyron's picture

Romney tithed, which is why his headline number is 13.5%.  However, while the liberal media accepted that tithing counts as donations, the conservative pundits don't like to consider charitable donations as tax deductible unless its to the heritage foundation.

Fri, 04/13/2012 - 18:14 | 2342857 nmewn
nmewn's picture

So did Obama cut a check to the Treasury to make up for ripping off his secretary...ala the Buffet Rule he's pushing?

I'm gonna go out on a limb and say nyet Bucky. How about all the other millionaires in Congress?

Nyet.

Fri, 04/13/2012 - 12:36 | 2342020 monkeyboy
monkeyboy's picture

What's a tax return?

Fri, 04/13/2012 - 13:02 | 2342099 GOSPLAN HERO
GOSPLAN HERO's picture

...it's kinda like a virtual colonoscopy, but more expensive.

Mon, 04/16/2012 - 03:31 | 2347974 JohnF
JohnF's picture

Of course not. That income is deferred until either the statute of limitations runs out or Obama has been indicted. I can't remember which comes first...

It's the Chicago way.

Fri, 04/13/2012 - 11:08 | 2341674 mayhem_korner
mayhem_korner's picture

 

 

Have you had any income?

Fri, 04/13/2012 - 11:41 | 2341806 nope-1004
nope-1004's picture

lol   +1

Fri, 04/13/2012 - 12:03 | 2341892 SilverTree
SilverTree's picture

Yep, ~$135k/yr

"From my cold dead hands"

Fri, 04/13/2012 - 12:12 | 2341925 Almost Solvent
Almost Solvent's picture

Assume that it is not "W-2" or "1099" with your real ss # on it, but rather "self-employment" generated income that is not reported under your ss #.

 

The IRS is alot of things, but not following up on unfiled returns when they get the information reported to them isn't one of them. 

 

The longest I've seen any of my clients make it is about 6 years before the IRS "files" a return on your behalf (only if income was reported on your behalf).

 

Just another reason to not take income from W-2 or 1099 entity.   

Fri, 04/13/2012 - 13:27 | 2342172 SilverTree
SilverTree's picture

Your assumption is wrong.

"Clients" you mean surfs?

Fri, 04/13/2012 - 12:11 | 2341930 tempo
tempo's picture

"Fairness"..to each according to their ability, to each according to their need. Carl Marx and Obama.

Fri, 04/13/2012 - 11:13 | 2341689 SheepDog-One
SheepDog-One's picture

HOORAY silvertree Im with ya! Same thing, FUCK EM!

Its about time people grew some balls, stood up, and tell em to go to hell and stop being willfull battered housewives! Whats the worst that could happen by being a dissident...what, you die? Youre gonna die anyway may as well be from standing up to a bunch of fudgepacking cocksucker tyrants!

Fri, 04/13/2012 - 11:15 | 2341711 SheepDog-One
SheepDog-One's picture

See one sheeple already doesnt like this, he says 'Ooooobeeeyyyy paaaaay your taaaaaxes or else maaaaaaster might get maaaaaaad'! 

Well, fuck em.

Fri, 04/13/2012 - 11:23 | 2341744 ArrestBobRubin
ArrestBobRubin's picture

SheepDog, don't mind him, he's just the IRS guy :-)

Fri, 04/13/2012 - 12:11 | 2341926 Bay of Pigs
Bay of Pigs's picture

It has to start somewhere. 100, then 1000, then 10000 and then a 100000...and so on.

End the FED, restore Liberty and sound money.

Man up Bitchez.

Fri, 04/13/2012 - 12:17 | 2341953 Robot Traders Mom
Robot Traders Mom's picture

I will be the asshole on the thread that will admit to paying my taxes. It fucking sucks but like my parents would tell me as a kid, 'you live under my roof.'

 

Being an ex-pat is the only way out. Fuck being a citizen, I'm saving money to leave. I don't want the fucking Feds bothering me. I will give them what they want while I am here...

Fri, 04/13/2012 - 12:49 | 2342060 Jethro
Jethro's picture

I lived abroad for a few years when I was in the USMC.  I was an Embassy Guard at the time (formerly an Infantryman).  I was stationed in New Delhi, and then Budapest.

No matter where you are, if you keep an open mind, you'll be able to find things you like depite the things you dont like.  I still miss these places sometimes---though admittedly----I vastly preferred the Indian countryside to the mega cities (they are open air cesspools IMHO).

If i had to relocate now, I'd look at northern Thailand probably, or perhaps something waaaaay more remote in Central Asia.  But, I'm stuck here for now.  Ive got kids, a stupid house that isn't on farmland, etc.  I do have a very marketable skillset though with my current occupation.  If I had no kids, I'd already be gone most likely.

Fri, 04/13/2012 - 12:24 | 2341980 Jethro
Jethro's picture

I used to not really care about paying taxes.  I bought into the whole "illusion" of choice.  We (the public) simply aren't represented by our elected officials.  They serve only he status quo, and follow precedence and law (which they write).  There are precious few leaders in the ranks of the elected officials.   This situation we have now appears very little different from what our forefathers faced with King George, except more insidious and with no opposition.

There is no ownership in a vote any longer.  We are far removed from active participation, and the cultural ennui surrounding the entire political process is disheartening.  Why should the average voter pay attention any longer?  The general conscensus is that all politicians are corrupt.  The politicians will always vote to keep the status quo (at the vey least), or vote to give the government yet more power.  How many articles of the Bill of Rights have essentially been nullified within the last 5 years?  3, 4 or more?  Those were inviolable.  Now, they are the pervue of the government, not natural rights.  It appears that controlling populations through fear is effective. 

Until we can get back to the point of a vote actually having inherent value, we will only have increasingly worse leadership.  Until we can once again have taxation with representation, our lot will only grow worse.  We, right now, have a petty tyrant in office....and he was supposed to be a Constitutional scholar.  WTF????

 

Fri, 04/13/2012 - 11:23 | 2341738 MillionDollarBonus_
MillionDollarBonus_'s picture

It's ironic that on one hand we have lazy ZH day traders who sit around all day like greasy hobos in their pyjamas chasing headlines and crying on blogs about 'manipulation' every time they lose money. And on the other hand our president is working 24/7 trying to run this country in one of the most stressful and demanding jobs on the planet. These morally reprehensible 'traders' only pay capital gains tax, and then they have the gall to critisize our president. I am absolutely disgusted at the lack of courtesy that these filthy miscreants show for people in authority. 

Fri, 04/13/2012 - 11:24 | 2341746 rqb1
rqb1's picture

 i look for your comments, they usually make me smile. 

Fri, 04/13/2012 - 11:43 | 2341813 brewing
brewing's picture

mdb brought his a game today...

Fri, 04/13/2012 - 11:59 | 2341874 jayman21
jayman21's picture

with a new picture to boot+1 

Fri, 04/13/2012 - 12:00 | 2341881 francis_sawyer
francis_sawyer's picture

Yeah... I've been downgrading MDB lately for some lame trolling...

But this one gave me a genuine belly laugh!

Fri, 04/13/2012 - 12:12 | 2341940 Bay of Pigs
Bay of Pigs's picture

Filthy miscreants is a nice touch.

Fri, 04/13/2012 - 12:54 | 2342076 Doubleguns
Doubleguns's picture

MDB, It would seem your 24/7 is a bit off. Unless his golf outings count as working soooo hard for the working class. I guess he may have created a caddy job or two there.                                    

Fri, 04/13/2012 - 16:27 | 2342691 Pure Evil
Pure Evil's picture

It's a shame MDB wasn't alive in Nazi Germany, he'd look smart goosestepping through the Brandenburg gate.

Oh well, I guess being an Obama bootlicker has its advantages.

Fri, 04/13/2012 - 11:26 | 2341758 ArrestBobRubin
ArrestBobRubin's picture

Yay! We have a qualifier for Funniest, Most Assinine Post of the Day, and it's only 11:25 edt...

Fri, 04/13/2012 - 11:28 | 2341760 Blythes Master
Blythes Master's picture

McDouche,

Sine your BFF 0bozo, Bernank, and Tiny Timmy can print Fiat @ will, why the fuck do they even need our tax money?

Control, bitches!

Fri, 04/13/2012 - 11:43 | 2341808 MillionDollarBonus_
MillionDollarBonus_'s picture

*Sigh* ... Here we go again.

It's not a conspiracy to 'control' us. The government needs tax revenue to make interest payments on the national debt, and thanks to the effective policy of our Federal Reserve these payments are very low indeed. I bet you never thank Dr Bernanke for keeping the ten year at 2%, but this is actually the reason why your taxes are so insanely low. Most Americans are happy to pay their taxes, and they are also keen that other people pay their fair share to make this country (and the world) a better place.

Fri, 04/13/2012 - 11:55 | 2341859 Bold Eagle
Bold Eagle's picture

You should tell your buddy Ben to lower ten year yield to 0. Why spend taxpayers money on the freaking interest? Let just borrow at 0% interest, like Japan. Then let's cut tax rates to 0 and give people more money to spend on iStuff. Economic boom will surely follow.

Fri, 04/13/2012 - 12:13 | 2341933 MillionDollarBonus_
MillionDollarBonus_'s picture

Professor Ben Bernanke cannot just "lower rates to 0%". You are clearly not familiar with the intricacies of monetary policy and the delicate framework our monetary authorities have to navigate. Maybe this ignorance explains the ZH readerships' complete disregard for the incredible work our Federal Reseve does on our behalf. Influencing interest rates is just one of many tools our central bankers employ to pursue their dual mandate for maximum employment and price stability.

Fri, 04/13/2012 - 13:56 | 2342310 Ben Burnyankme
Ben Burnyankme's picture

USA - USA - USA!

Fri, 04/13/2012 - 16:29 | 2342693 Pure Evil
Pure Evil's picture

Bullshite MDB, if your butt buddy Obama commands it, then it will be so.

All hail the Three Stooges rocket from benificent NK.

Fri, 04/13/2012 - 22:46 | 2343186 MeelionDollerBogus
MeelionDollerBogus's picture

bo-ring.

Nice new picture tho.

Fri, 04/13/2012 - 11:58 | 2341867 TheFourthStooge-ing
TheFourthStooge-ing's picture

The irrepressible MillionDollarBonus_ graced us with these words of wisdom:

Most Americans are happy to pay their taxes, and they are also keen that other people pay their fair share to make this country (and the world) a better place.

Yeah...and freedom, and democracy, and the flag, and the troops, and a better tomorrow, and America.

And the children. We must always remember the children.

 

Fri, 04/13/2012 - 12:25 | 2341984 azzhatter
azzhatter's picture

I prefer a million dollar boner. More fun and less hassle

Fri, 04/13/2012 - 11:31 | 2341768 Robot Traders Mom
Robot Traders Mom's picture

Stick to these funny comments Million!

 

We all need comedy relief, especially since Robot Trader got sent to Juvenile Detention.

Fri, 04/13/2012 - 11:44 | 2341817 TheFourthStooge-ing
TheFourthStooge-ing's picture

Robot Traders Mom said:

We all need comedy relief, especially since Robot Trader got sent to Juvenile Detention.

You poor woman; I can only imagine the embarrassment and disappointment he must put you through on a regular basis.

He didn't get caught jacking it while waiting at the bus stop again, did he?

 

Fri, 04/13/2012 - 12:36 | 2342019 Robot Traders Mom
Robot Traders Mom's picture

Not at the bus stop. It was Mopery-exposing yourself to a blind person.

Fri, 04/13/2012 - 11:49 | 2341837 SheepDog-One
SheepDog-One's picture

Thats what happened to Robo? I was wondering where he went. Sitting in the corner in troll rehab.

Fri, 04/13/2012 - 12:04 | 2341894 brewing
brewing's picture

he was long $RIMM...

Fri, 04/13/2012 - 12:18 | 2341957 Robot Traders Mom
Robot Traders Mom's picture

He was long RIMM JOBS

Fri, 04/13/2012 - 11:33 | 2341782 betterlockaway
betterlockaway's picture

The irony is that Million Dollar Bonus does no know the difference between  short term capital gains and long term capital gain taxes.  I understand that the whole income tax/capital gains tax situation has been muddied by our faithful leader. But, if you are going to call out a whole community, you should really understand that which you are commenting on.  Alas, i don't blame you.  I do blame the MSM and the liberal elite.  They have created strategic confusion on this matter to make their competitor look bad. Or, a fog of war like scenario that is created to confuse the masses and start a class division.  Truely brilliant.  But, what happens when (hopefully) the populace comes to thier collective senses and realizes just how many half truths have been fed them.  Short term cap gains are taxed just like ordinary income.  Carry on.

Fri, 04/13/2012 - 22:49 | 2343189 MeelionDollerBogus
MeelionDollerBogus's picture

"Short term cap gains are taxed just like ordinary income.  Carry on."

No kidding?

In Canada if you have a TFSA brokerage account the taxes on capital gains are .... zero.

Fri, 04/13/2012 - 11:42 | 2341809 Saro
Saro's picture

I'm diggin' the new avatar.  The flag in the background really makes it all the funnier.

Fri, 04/13/2012 - 12:18 | 2341951 Carl Spackler
Carl Spackler's picture

"...only pay capital gains tax"

Great, let's get rid of the capital gains tax, then!

This economy would prosper.  Risk on, baby. 

 

 

BTW, I wonder how much in taxes Democrats Tim Geithner, Charlie Rangel, and Tom Daschle skipped out on paying for 2011.

Fri, 04/13/2012 - 12:30 | 2342002 Dan Conway
Dan Conway's picture

MDB,

Just a couple of points:

1.  Who cares what daytraders do all day with their own money?  I don't.  But one of the many problems that I have with the obama administration is when it's departments become venture capital funds using all of our money like it has done with numerous green energy companies.  They are either lousy investors or just plain corrupt.  As an investor, I will choose to fire the general partners of this terrible venture fund in November.  Hopefully the next President will exit the venture capital business.

2.  It is a stretch even for the biggest obummer kool-aid drinkers that he works hard 24/7 for this country.  How do you explain all of those rounds of golf, multiple daily fundraisers, vacations, etc.  How the president chooses to "manage his time" is his style.  I disagree with his style and his outcomes so I will choose to fire him in November. 

I can add to the list but it won't change the fact that this nation hired an incompetent candidate that misrepresented his record and intentions.  Too bad not enough people didn't do the proper background check on this candidate back then but now he has a trackrecord  and it doesn't look good for him. 

Now tell me how does someone like you make a statement about lazy daytraders?  Do you get paid to post your garbage?  Does your boss review your posts?  Are you happy to have spent a lot of money (maybe your parent's money) to get a fancy degree to post this political garbage for a few lousy bucks a week?  Do they give you healthcare?  I would recommend that between posts here and elsewhere you check out monster.com and find something a little more self-respecting.  Do you regret that hillary lost to obozo?

Regards,

Dan

Fri, 04/13/2012 - 13:14 | 2342132 fockewulf190
fockewulf190's picture

Projected defecit of $1,3 trillion this year alone. Epic FAIL. Bernanke is forcing savers into either risking it all in this bullshit ponzi market, or having to accept the slow destruction of their money in savings accounts or other ultra low interest paying financial instruments. Worse for the elderly, they no longer can count on fixed income to provide a steady stream of capital to support themsielves. They are forced to burn capital and take the inflation haircut, thanks to the Bernank and Obama. Shall I mention how many pension funds right now are hopelessly underfunded because of the shitstorm going on right now? Is it any wonder more and more people are accumulating phyzz?

Fri, 04/13/2012 - 13:51 | 2342293 TradingTroll
TradingTroll's picture

Really? MDB is that you? I have been looking all over the blogosphere for that lone "lazy day trader who sits around all day like greasy hobos in their pyjamas chasing headlines"

Send me your address, I will mail you some fresh new (ok, well I wore them for a few years, but *new* for you) pajamas. You may want to launder first but I can throw in a Tide sample. Oh, heck, you're so busy, just go 'backwoods au naturel'

Fri, 04/13/2012 - 11:51 | 2341845 prains
prains's picture

alabama shakes album is now out......just sayin

Fri, 04/13/2012 - 12:39 | 2342028 donis
donis's picture

i hear the the shakes are short tech.  "We dont do twitter...  whats twitter?"

Fri, 04/13/2012 - 11:58 | 2341869 HelluvaEngineer
HelluvaEngineer's picture

Who fucking cares?  I bet his secretary is a white bitch.

Fri, 04/13/2012 - 14:33 | 2342420 dow2000
dow2000's picture

Now you can never leave...

Fri, 04/13/2012 - 11:37 | 2341790 LongSoupLine
LongSoupLine's picture

Did O's secretary get the same offshore account deposit "gifts" from TBTF's?

Fri, 04/13/2012 - 11:46 | 2341823 rwe2late
rwe2late's picture

 ah yes, the tax-free "perks of office",

http://tv.yahoo.com/daytime/first-look-inside-ex-president-s-clubhouse-28935046.html

How very far from the original antipathy towards kings and aristocracy has this nation come.

Fri, 04/13/2012 - 14:29 | 2342405 volney47
volney47's picture

EXACTLY!

Fri, 04/13/2012 - 10:53 | 2341616 BadKiTTy
BadKiTTy's picture

F**k yeah!

That's the game folks!

Buffet rule my ass!!

K@

Fri, 04/13/2012 - 10:54 | 2341618 GeneMarchbanks
GeneMarchbanks's picture

Crime pays no dental nor medical unless you catching time in county state or federal

--MF Doom

 

Fri, 04/13/2012 - 11:07 | 2341670 Agent P
Agent P's picture

"Remember kid, crime doesn't pay...(stepping into the limo) well, it pays a little."

- Johnny Dangerously

 

Fri, 04/13/2012 - 10:54 | 2341621 vegas
vegas's picture

I'm sure Chalky relied on Geithner for his tax advice. Maybe like Clinton he itemized deductions and took the depreciation on underwear from his work wardrobe.

 

http://vegasxau.blogspot.com

Fri, 04/13/2012 - 10:59 | 2341642 jekyll island
jekyll island's picture

I was on a mission trip in Ghana this January and one of the villages we visited had a 2 year old boy sporting tightie whities with "Obama" on the waistband.  Obama undies, we laughed about that the entire trip.  Doesn't seem so funny now.  

Fri, 04/13/2012 - 11:03 | 2341661 Gully Foyle
Gully Foyle's picture

vegas

Dude, Chalky just isn't gonna catch fire.

Boardwalk Empire is a shitty show and not worth the time to steal from.

Really Chalky sounds like some Cockney Andy Capp cartoon character.

Bet it really fucks up the Brits who post here. Most have a mate Chalky.

Elston Limehouse flunky Errol would be a more appropriate model. He followed orders and when Elston was done with him he was abandoned.

Fri, 04/13/2012 - 11:22 | 2341741 vegas
vegas's picture

I don't give a shit if it catches fire or not. To me he is Chalky - deal with it.

 

http://vegasxau.blogspot.com

Fri, 04/13/2012 - 11:30 | 2341772 ArrestBobRubin
ArrestBobRubin's picture

Hey, wait a sec, I like Boardwalk...

But Justified? NOW you're talking bro... Love it. Errol took a bullet from Frank "one arm" Quarrles in the finale... did he live?

Fri, 04/13/2012 - 10:54 | 2341623 fadgadget
fadgadget's picture

those in glass houses...

i voted for him in 2008.  never again.  i had high hopes he would actually be reformer and anticorruption fighter.  stupid me.

Fri, 04/13/2012 - 10:59 | 2341644 agNau
agNau's picture

???????

Fri, 04/13/2012 - 11:04 | 2341664 Gully Foyle
Gully Foyle's picture

fadgadget

Those who lie under glass tables will see the shit coming but can not stop it.

Fri, 04/13/2012 - 11:08 | 2341678 LowProfile
LowProfile's picture

Ah, the voice of experience.

Fri, 04/13/2012 - 11:11 | 2341692 Gully Foyle
Gully Foyle's picture

LowProfile

Nah, saw it on Drawn Together.

Probably during the debate on the merits of Swedish vs Japanese shitting tables.

Only homos literally "tap that ass", or have anything to do with the asshole part.


Fri, 04/13/2012 - 11:57 | 2341864 tron2012
tron2012's picture

What's wrong with buttholes?

Fri, 04/13/2012 - 12:01 | 2341885 TheFourthStooge-ing
TheFourthStooge-ing's picture

Everybody should have one.

 

Fri, 04/13/2012 - 11:16 | 2341715 SheepDog-One
SheepDog-One's picture

Wouldnt the glass table stop it?

Fri, 04/13/2012 - 11:23 | 2341743 MachoMan
MachoMan's picture

Yeah, something's definitely amiss if a shit will break a glass table...

Fri, 04/13/2012 - 12:05 | 2341902 TheFourthStooge-ing
TheFourthStooge-ing's picture

.

Yeah, something's definitely amiss if a shit will break a glass table...

Somebody must be eating gold again.

 

Fri, 04/13/2012 - 11:17 | 2341721 Agent P
Agent P's picture

I tried to up-vote you for your newly found wisdom and down-vote you for voting for Obama in '08, but the system wouldn't let me do it.  You get the up-vote and I'll just have to forgive you for your sins of the past.

Fri, 04/13/2012 - 11:36 | 2341784 ArrestBobRubin
ArrestBobRubin's picture

Bro, just gotta say, that WAS stupid. But you're a good person to admit the error in judgement.

Many of his supporters have gone Full Retard and are just itching to Double Down on the Dumb.

Fri, 04/13/2012 - 12:08 | 2341920 crawldaddy
crawldaddy's picture

oh please, like there is a choice, who is this other magical choice we have? Romney, please he is even worse, hard to belive possible but true.

We need a new party, or better yet get rid of all the parties.

Fri, 04/13/2012 - 10:54 | 2341625 Lost Wages
Lost Wages's picture

Give me some o' that sweet, sweet tax.

Fri, 04/13/2012 - 10:56 | 2341630 mayhem_korner
mayhem_korner's picture

 

 

What I would really like to see is the Barry & Michelle's charitable contributions for the past few years.  We know Biden's has historically not cracked four digits - just wondering how well the Headmaster of the Share the Wealth program does his part.

Fri, 04/13/2012 - 11:09 | 2341679 Gully Foyle
Gully Foyle's picture

mayhem_korner

Funny

http://www.realclearpolitics.com/articles/2008/03/conservatives_more_lib...

Sixteen months ago, Arthur C. Brooks, a professor at Syracuse University, published "Who Really Cares: The Surprising Truth About Compassionate Conservatism." The surprise is that liberals are markedly less charitable than conservatives.

If many conservatives are liberals who have been mugged by reality, Brooks, a registered independent, is, as a reviewer of his book said, a social scientist who has been mugged by data. They include these findings:

-- Although liberal families' incomes average 6 percent higher than those of conservative families, conservative-headed households give, on average, 30 percent more to charity than the average liberal-headed household ($1,600 per year vs. $1,227).

-- Conservatives also donate more time and give more blood.

-- Residents of the states that voted for John Kerry in 2004 gave smaller percentages of their incomes to charity than did residents of states that voted for George Bush.

-- Bush carried 24 of the 25 states where charitable giving was above average.

-- In the 10 reddest states, in which Bush got more than 60 percent majorities, the average percentage of personal income donated to charity was 3.5. Residents of the bluest states, which gave Bush less than 40 percent, donated just 1.9 percent.

-- People who reject the idea that "government has a responsibility to reduce income inequality" give an average of four times more than people who accept that proposition.

Brooks demonstrates a correlation between charitable behavior and "the values that lie beneath" liberal and conservative labels. Two influences on charitable behavior are religion and attitudes about the proper role of government.

The single biggest predictor of someone's altruism, Willett says, is religion. It increasingly correlates with conservative political affiliations because, as Brooks' book says, "the percentage of self-described Democrats who say they have 'no religion' has more than quadrupled since the early 1970s." America is largely divided between religious givers and secular nongivers, and the former are disproportionately conservative. One demonstration that religion is a strong determinant of charitable behavior is that the least charitable cohort is a relatively small one -- secular conservatives.

Reviewing Brooks' book in the Texas Review of Law & Politics, Justice Willett notes that Austin -- it voted 56 percent for Kerry while he was getting just 38 percent statewide -- is ranked by The Chronicle of Philanthropy as 48th out of America's 50 largest cities in per capita charitable giving. Brooks' data about disparities between liberals' and conservatives' charitable giving fit these facts: Democrats represent a majority of the wealthiest congressional districts, and half of America's richest households live in states where both senators are Democrats.

While conservatives tend to regard giving as a personal rather than governmental responsibility, some liberals consider private charity a retrograde phenomenon -- a poor palliative for an inadequate welfare state, and a distraction from achieving adequacy by force, by increasing taxes. Ralph Nader, running for president in 2000, said: "A society that has more justice is a society that needs less charity." Brooks, however, warns: "If support for a policy that does not exist ... substitutes for private charity, the needy are left worse off than before. It is one of the bitterest ironies of liberal politics today that political opinions are apparently taking the place of help for others."

In 2000, brows were furrowed in perplexity because Vice President Al Gore's charitable contributions, as a percentage of his income, were below the national average: He gave 0.2 percent of his family income, one-seventh of the average for donating households. But Gore "gave at the office." By using public office to give other peoples' money to government programs, he was being charitable, as liberals increasingly, and conveniently, understand that word.

Fri, 04/13/2012 - 11:12 | 2341697 mayhem_korner
mayhem_korner's picture

 

 

Great post, thx.

Fri, 04/13/2012 - 12:04 | 2341843 Pool Shark
Pool Shark's picture

 

m_k:

Back when he was a senator, Barry gave only a tiny percentage of his income to charity (like Biden), until Michelle got her cushy consulting gig and he ran for president; then the number magically increased to over 5%.

I wish I still had access to the source, but I remember seeing the exact percentages by year back in 2008.

I guess he really didn't listen closely to Reverend Wright; doesn't the lord demand a minimum of 10%? ("tithe").

UPDATE: found the source:

http://www.nytimes.com/2008/03/26/us/politics/26taxes.html

 

P.S., Is it just a coincidence that Michelle's salary at Chicago University Hospital more than doubled after Barry was elected Senator in 2004??????

Fri, 04/13/2012 - 11:16 | 2341718 fadgadget
fadgadget's picture

that's a bunch of bullshit.  giving to churches was counted as charitable giving even though all that moeny went toward the pastor's cadillac.  non-church giving is drastically slanted toward "liberals."

Fri, 04/13/2012 - 11:21 | 2341739 mayhem_korner
mayhem_korner's picture

 

 

yeah...show us some evidence of that.  You can even use the hated Dick Cheney as your standard-bearer for the non-liberals.

And, BTW, if your own charitable ain't in the five or six figure range, don't get too high on the horse there, bub.

Fri, 04/13/2012 - 11:46 | 2341825 Saro
Saro's picture

Back before I become an atheist, the church I went to held weekly meetings where members of the community could come and ask the church for financial help, and the church's board members would decide how to divvy up the money.

And the pastor didn't drive a fancy car.  I'm pretty sure it was a minivan, in fact . . .

Fri, 04/13/2012 - 11:49 | 2341841 John Skookum
John Skookum's picture

Wrong.  Brooks's study looked at that very issue and found that conservatives give more than liberals to non-religious charities too.  About 10% more, in fact.  He discusses it at more length here: http://philanthropy.com/article/Who-Gives-More-Democrats-or/49377

 

Face it, liberals are just evil, selfish people who support big government out of guilt at their own self-centered wothlessness, and envy at others who earned their own money.

Fri, 04/13/2012 - 12:16 | 2341952 Saro
Saro's picture

Hey, liberals may not personally contribute as much, but they are the undisputed champions of donating other people's money to charity.

Surely that counts for something . . .

Fri, 04/13/2012 - 13:21 | 2342158 DosZap
DosZap's picture

Dig Bidens CHARITY...........................and compare it to Bamsters.At least Obamma does give a decent percentage of his income.............Biden, is a tight wad.( a Champion for the POOR).

 

http://www.weeklystandard.com/blogs/bidens-donate-15-percent-income-charity-2011_636971.html

Fri, 04/13/2012 - 12:06 | 2341907 johnberesfordti...
johnberesfordtiptonjr's picture

Correct.

For example, the Mormon tithe is 10% and is paid by about 80% of Mormons.

Fri, 04/13/2012 - 12:06 | 2341908 johnberesfordti...
johnberesfordtiptonjr's picture

Correct.

For example, the Mormon tithe is 10% and is paid by about 80% of Mormons.

Fri, 04/13/2012 - 12:39 | 2342026 Harbanger
Harbanger's picture

Did you say non-church giving is DRASTICALLY slanted towards liberals?

Now I understand your previous comment -"i voted for him in 2008.  never again.  i had high hopes he would actually be reformer and anticorruption fighter.  stupid me."

stupid is as stupid does.

Fri, 04/13/2012 - 12:10 | 2341927 AnAnonymous
AnAnonymous's picture

US citizenism has turned charity in a business.

It is all about resumes, job opportunities, funnelling aid to yourself as the major recipient etc

US citizens even conceal their wars under charitable aims.

US citizens help themselves before (if ever) helping others through their US citizen charity stuff.

The conservative gang run the business. The liberal gang do not want to give because they know they'd help their rival gang.

Without taking into account what how charity is manipulated in a US citizen environment, you draw wrong conclusions about how charitable US citizens are.

Fri, 04/13/2012 - 12:25 | 2341985 TheFourthStooge-ing
TheFourthStooge-ing's picture

AnAnonymous said:

US citizenism has turned charity in a business.

Chinese citizenism madness out the transfer of assets in addition to the corrupt officials, in recent years made their fortunes in the size of the rich and a large part of the property firmly Dangdang arrived to a foreign land.

US citizens even conceal their wars under charitable aims.

Of course, the Chinese citizenism upper struggle for power will be in this last scene was very impressive and ugly bestiality on its head.

 

Fri, 04/13/2012 - 13:22 | 2342160 GeezerGeek
GeezerGeek's picture

The comment about "conservatives are liberals who have been mugged by reality" brought to mind something said by the late Phil Ochs (singer/songwriter) when he described a liberal as "someone who is 10% to the left of center in good times, 10% to thr right of center when it affects them personally." He was an anti-war (Vietnam) left winger who despised the way LBJ used us as cops of the world back in the 1960s (Dominican Republic, for instance) and couldn't abide by the hypocrisy of the prominent liberals of the day. Some things just don't seem to change.

Fri, 04/13/2012 - 16:09 | 2342661 TheFourthStooge-ing
TheFourthStooge-ing's picture

"Smoking marijuana is more fun than drinking beer,
But a friend of ours was captured and they gave him thirty years
Maybe we should raise our voices, ask somebody why
But demonstrations are a drag, besides we're much too high
And I'm sure it wouldn't interest anybody
Outside of a small circle of friends"

Phil Ochs

http://www.youtube.com/watch?v=ulTmmTIlM_o

 

Fri, 04/13/2012 - 11:01 | 2341646 PaperBear
PaperBear's picture

Whoa, President Obama's salary is nearly 800,000 dollars ? HOLY S**T !?

Fri, 04/13/2012 - 11:15 | 2341712 mayhem_korner
mayhem_korner's picture

 

 

Book royalties likely a big piece o dat.  Remember that "classic," The Audacity of Hope?

Fri, 04/13/2012 - 11:17 | 2341723 Joe Davola
Joe Davola's picture

400,000 "royalties" aka payola

Fri, 04/13/2012 - 12:05 | 2341904 Paul Atreides
Paul Atreides's picture

That's nothing compared to what the Fed drops yearly into his Vatican account...

Fri, 04/13/2012 - 11:50 | 2341844 pods
pods's picture

If he had the audacity to hope I would read that book he was sorely mistaken.

Fri, 04/13/2012 - 13:19 | 2342148 Count de Money
Count de Money's picture

You think he'll give Bill Ayers his cut?

Fri, 04/13/2012 - 11:17 | 2341724 SheepDog-One
SheepDog-One's picture

$800,000 + all expenses and lavish vacations and parties even 'rich people' could only dream of all covered by the gulliable tax slave.

Fri, 04/13/2012 - 11:01 | 2341651 Donnie Duvanie
Donnie Duvanie's picture

Michelle: "Darling, when you're living the high life, $162,000 seems like nothing!"

Fri, 04/13/2012 - 12:09 | 2341917 TheFourthStooge-ing
TheFourthStooge-ing's picture

.

Michelle: "Darling, when you're living the high life, $162,000 seems like nothing!"

Mere pocket change. A single $100-per-plate dinner would easily cover that.

 

Sat, 04/14/2012 - 01:40 | 2343335 Donnie Duvanie
Donnie Duvanie's picture

I could also see them having a $100 per bowl chili feed.

Fri, 04/13/2012 - 11:02 | 2341653 tony bonn
tony bonn's picture

obama paid the indonesian rate which i am sure is lower than his secretary's or any of the other minions working for the indonesian citizen (of the world)

www.obamacrimes.com

 

Fri, 04/13/2012 - 12:44 | 2342040 DosZap
DosZap's picture

This topic is crazy, 20% of 800k, would be 160k in taxes,hell no way his Secretary makes that, if so, she makes more in salary than he does...........or close to it.

Fri, 04/13/2012 - 11:05 | 2341659 Shizzmoney
Shizzmoney's picture

The fucked thing is, even if this tax were to go through...it would only generate $46b/year.  We run a $1 trillion year decifit, and that's w.o HeritageCare.  Imagine once the insurers get control of the country's health system......

If Obama wants to get serious about taxes, he needs to start taxing corporations, especially ones who use tax havens to game the system.  But he won't, neither will any other politican, because they are paid by Goldman Sachs, GE, AAPL, etc......to ignore this fact and NOT do this. 

Lew Rockwell (who I don't 100% agree with, but has sound libertarian ideals) really points out that this individual tax is really about keeping potential young entreprenuers down.  You see, the young generation like mine.......we are much more willing to work together for the common good and not just for the almighty dollar.  We understand that "to give action is to get action", not "let's just buy and game the system for monopolization via financialization".  Those in charge now, fear this.  They fear that we might change the system to make it work better for people, to give liberty and a stress free life to the working class, and to not continue to path to fascism we see today.

http://www.youtube.com/watch?v=VCp0PCywi5s

In the end, both Obama and Romney, want to raise taxes and insurance premiums.  But not on the 1%.....but on the rest of us......because either way, the United States needs that revenue. 

And since they don't work for the people........but for corporate interests......you can guess who they are going to go after the most.

Fri, 04/13/2012 - 11:19 | 2341730 SheepDog-One
SheepDog-One's picture

Same thing as the 'budget cut debate' a year ago when the debt ceiling needed to be raised again, what did they finally arrive at, some measely $50 million in 'cuts'? Theyre all just cheezy kids party magicians.

Fri, 04/13/2012 - 12:23 | 2341981 AnAnonymous
AnAnonymous's picture

You see, the young generation like mine.......we are much more willing to work together for the common good and not just for the almighty dollar. We understand that "to give action is to get action", not "let's just buy and game the system for monopolization via financialization". Those in charge now, fear this. They fear that we might change the system to make it work better for people, to give liberty and a stress free life to the working class, and to not continue to path to fascism we see today.

_____________________________________________________

Absolutely. US citizens in power are in fear. They fear everyone, everything. They fear the US citizen middle class, they fear the US citizen youth.

That is the propaganda.
Or the fantasy.

The reality is that your little tune started with US citizen Jefferson.

And during the 200+ years US citizenism has been lasting, US citizen youth has been proven to be the most conformist youth that has ever be.

Producing a conformist youth is another remarkable achievement of US citizenism.

But hey, you know, US citizen bands made money of that tune.

See:

Genesis, land of confusion

I won't be coming home tonight
My generation will put it right
We're not just making promises
That we know, we'll never keep

Probably bands will do the same.

The famous generational gap as thought by US citizens.

Under the sun, still, everyone else knows that US citizen nature is eternal and that US citizen youth will behave like their elders.

Such is the US citizen nature.

Fri, 04/13/2012 - 12:44 | 2342043 TheFourthStooge-ing
TheFourthStooge-ing's picture

AnAnonymous said:

Producing a conformist youth is another remarkable achievement of US citizenism.

But hey, you know, US citizen bands made money of that tune.

See:

Genesis, land of confusion

I won't be coming home tonight
My generation will put it right
We're not just making promises
That we know, we'll never keep

ROR! Made me laughing out loud almost to pissing on pants one is wearing.

But hey, bear with it Chinese citizenism bands making now of money from that same tune, even more with copyright royalties ignoration and non paymentism.

See:

Panda Funk Railroad, land of confucius

We're a Chinese citizenism band
We're a Chinese citizenism band
We stop and take a shit
On the roadside to Tibet
We're a Chinese citizenism band

Probably bands will do the same.

Chinese citizenism algebraic coconutism will make that endeavor an assured thing.

The famous generational gap as thought by US citizens.

The famous locomotional crap as thought by Chinese citizenism citizens.

 

Fri, 04/13/2012 - 14:42 | 2342436 therearetoomany...
therearetoomanyidiots's picture

Classic!

Sun, 04/15/2012 - 19:35 | 2347391 akak
akak's picture

It is being the crap in the pants that I am almost making here with laughter, as if pants of mine were being a chinese roadside being having the squatting upon by Chinese citizenism citizens!

Fri, 04/13/2012 - 14:32 | 2342414 therearetoomany...
therearetoomanyidiots's picture

You are so right.  The facts in the case are that this 46 billion a year would barely pay 1 MONTH'S interest on our debt.   You are so very correct here!

Fri, 04/13/2012 - 11:05 | 2341665 fershtunken
fershtunken's picture

Seeing as how his proposed tax increase would raise his own taxes, it's hardly a "glass-house" scenario. 

The accusation is cynical and illogical. Let Romney propose a raise of his own taxes and then we can talk.

Fri, 04/13/2012 - 14:30 | 2342408 therearetoomany...
therearetoomanyidiots's picture

Well, Romney has been a proponent of lower taxes.   

This is glass house because obama is saying the rich need to pay more.  If he wants to pay more, he can.

If he thinks it's such a great idea, log on and do it.   http://www.treasurydirect.gov/govt/reports/pd/gift/gift.htm

The fact of the matter is that he is like any commie or socialist elite...the rules apply to you, not him. 

 

Fri, 04/13/2012 - 11:07 | 2341668 Monedas
Monedas's picture

The cheaper canned hams contain up to 30% Pink Pork Slime between the chunks as an "appearance enhancer" and to prevent settling in shipping !  That's higher than BO Juice's tax rate !  Monedas  2012   Is that Pink Pork Slime Skidmarks in your panties....or do you have Clamydia ?

Fri, 04/13/2012 - 11:07 | 2341669 koot
koot's picture

Good Question?  More importantly however is what is the ratio between how much Obama contributes to the US and how much he costs the US.   Perhaps $789,674/$7,000,000,000,000

Fri, 04/13/2012 - 14:25 | 2342391 therearetoomany...
therearetoomanyidiots's picture

To be more accurate (nit picky) wouldn't it be $162,074/$7,000,000,000,000.

You gave him about 4 times too much credit...  :0

Fri, 04/13/2012 - 11:08 | 2341675 Dr. Engali
Dr. Engali's picture

I'm sure we will see this reported all over the MSM. CnBS will certainly running with it all day.

Fri, 04/13/2012 - 13:56 | 2342311 Harbanger
Harbanger's picture

Unedited.

Fri, 04/13/2012 - 11:10 | 2341686 jayman21
jayman21's picture

How on earth did he pay only 20%?....I wish I only paid 20%  I make a lot less than 700k.

Fri, 04/13/2012 - 11:13 | 2341696 Dr. Engali
Dr. Engali's picture

He wrote off all those vacations and golf outings as business expenses.

Fri, 04/13/2012 - 11:41 | 2341804 justanothernerd
justanothernerd's picture

If you read the return, there's an itemized list of donations to 501(c)3 organizations that he wrote off. He donated about 20% of his income. 

Fri, 04/13/2012 - 11:47 | 2341828 jayman21
jayman21's picture

I did not read it.  The other 20% makes sense.  Thanks for clearing that up.

Fri, 04/13/2012 - 13:32 | 2342205 GeezerGeek
GeezerGeek's picture

For political purposes, itemized deductions do not count, at least not the ones made by Republicans. Adjusted gross income does not include deductions. I don't know if Buffet was referring to his AGI when comparing his tax rate to his secretary's. Personally I think the maximum tax rate should be 10%, and at that level I wouldn't care if it applied to AGI or the line called "taxable income".

Fri, 04/13/2012 - 11:34 | 2341781 schatzi
schatzi's picture

Going by your picture, you're in Hamburg and pay German taxes. Don't even try to compare tax rates, it's like night and day.

Fri, 04/13/2012 - 11:46 | 2341822 jayman21
jayman21's picture

I wish I was in Hamburg.  I might get something for all the taxes that are paid.  I live and pay NYC taxes. 

Nice name+1

Fri, 04/13/2012 - 11:10 | 2341688 Silverhog
Silverhog's picture

Really, is this a surprise to anyone? Bet his donations to charities was well below average for american taxpayes as well. 

Fri, 04/13/2012 - 11:21 | 2341695 Biggvs
Biggvs's picture

Does Obama Pay Less Taxes Than His Secretary?

No. I doubt his secretary even grosses $162,074. But does he pay a lower rate? Looks likely. 

 

Fri, 04/13/2012 - 11:44 | 2341815 justanothernerd
justanothernerd's picture

If you look through his return, he donated about 20% of his income to 501(c)3 organizations, hence the lowered tax rate. 

Fri, 04/13/2012 - 11:13 | 2341702 gckings19
gckings19's picture

also...it was his adjusted gross income so he took deductions....er i mean used loop holes to reduce his income.  that is un-american....doesnt he know its his civic duty to pay as much as possible.  what a clown....this crap has got to stop.

Fri, 04/13/2012 - 11:15 | 2341713 drchris
drchris's picture

When the muni bond market believes the Buffet Rule will happen and implodes, then I will pay attention.  It seems they got the memo that this is just Obama playing politics with morons.  

Fri, 04/13/2012 - 11:19 | 2341728 ArrestBobRubin
ArrestBobRubin's picture

YOU NEED TO PAY YOUR FAIR SHARE

I said you, not me of course. YES WE CAN, cracka!

Hey Meesh, when do we leave on our next vacation anyway?

Fri, 04/13/2012 - 11:19 | 2341731 wonderatitall
wonderatitall's picture

I DONT CARE . I WANT TO TAX THIS HATE MONGERING WOMAN HATING RACIST 90% , BECAUSE IF HIGHER TAXES LEAD TO "PROSPERITY " FOR THE RULING CLASS THEN LET THIS BUFFOON AND BUFFET TABLE PAY A AND PAY AND PAY...

 

Fri, 04/13/2012 - 11:22 | 2341740 The worst trader
The worst trader's picture

Only WE  have to pay our FAIR SHARE.

Fri, 04/13/2012 - 11:38 | 2341793 Agent P
Agent P's picture

I think you meant to say "Only 50% of US have to pay our FAIR SHARE."

Fri, 04/13/2012 - 11:25 | 2341748 The Proletariat
The Proletariat's picture

Surprising.....he isn't even a citizen and paid that much in taxes

Fri, 04/13/2012 - 11:26 | 2341756 t0mmyBerg
t0mmyBerg's picture

I am sorry but I have to say that in my opinion, Obama is just a lying scumbag.  The nation would be better off if a cabbage or a turd were elected, anyone or anything but El Presidente.

"You like your plan?  You can keep your plan." x 1,000,000.  Oh wait.  Everyone will lose their plan.

Fri, 04/13/2012 - 14:05 | 2342333 therearetoomany...
therearetoomanyidiots's picture

How the FUCK can you down arrow this.

Well, I understand the whole lunatic fringe conspiracy minded folks that it doesn't matter.

To me,T0mmy...you are right on.   This bastard will ascend to president for life if given the right opportunity.

In fact he may be planning such an event.

We'll see how he handles the coming race war he's starting. 

Anyone hear about the reverse roles killing of a hispanic by a black man in Arizona?  Where are the bounties, the media crying for an arrest, etc...where's holder? 

http://sfcmac.wordpress.com/2012/04/12/paging-obama-holder-and-sharpton-...

This bastard and all associated with him needs/need to be removed from office.  

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