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
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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
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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.

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