February 22, 2012

Hypocrite Obama takes almost $400K in tax deductions

Remember this from Obama’s State of the Union address last week:

“If you make more than one million dollars a year, you should not pay less than thirty percent in taxes… In fact, if you’re earning a million dollars a year, you shouldn’t get special tax subsidies or deductions.”

Below for your viewing pleasure is a picture of Barack & Michelle Obama’s 2010 tax return. On page 2 one will see the Obamas in spite of Obama’s quote above, made $1,795,614 and took $373,289 worth of deductions:

Obama tax return deductions

The “everyone but me” rule applies here.

Obama paid approximately $454,000 in taxes which amounts to 25% of his income, not the 30% he lectures should be paid by “millionaires,” and he is one.

Anyone who wishes to peruse the entire 59-page return, it can be found here.

Knock yourselves out.

Comments

  1. Sanjay from mumbai says:

    http://online.wsj.com/article/BT-CO-20111221-707599.html

    http://www.youtube.com/watch?v=rhzMEtD349Y

    This current Call Centre bill And American jobs Act will be also not passed , same as previous outsourcing bill which was dead.Its an Election gimmick , with nexus of corporate s (wall street ) and government to fool people , and they r damn sure that this will too not pass very damn sure , infact Morgan Stanley and jp morgan chase (these both got large amount Bailout from fed (tax money)) is going to cut more jobs in US around most of them and they will will transferred to India , they want to transfer about 92 % more jobs outside , A mortgage company OCWEN FINANCIAL which has 90 % of jobs outsourced overseas ( India and some to Uruguay ) r buying more mortgage companies like LITTON from Goldman sachs and HomeEq servicing from Braclays and together with Altisource etc and transfer there jobs to overseas too ( mostly all of them ) same with IBM and other companies. so most of american companies will be employing overseas people in future ( might be 95 % of workforce). jobs of authors , contents writers , editors , copy writers etc etc will also be going to be outsourced so u too get ready to find other job in Mac Donald or wall-mart And all your jobs r here , Below in this links.

    http://www.informationweek.com/news/199601616?pgno=2&queryText

    http://en.wikipedia.org/wiki/IBM_India

    http://modernpatriot.blogspot.com/

  2. Joe says:

    I’m not sure why this makes him a hypocrite. Obama is proposing that taxes on millionaires should be raised to this level, and really just in a quote, it would take both houses to pass a law imposing a 30 percent tax rate even on himself, and then he’d have to sign it into law. This is as dumb as pretending that Romney’s 13.7% (legal) rate is some kind of a crime… it is a big deal, both of them should pay more, but it is hardly hypocrisy to pay the legal tax rate, and anyone who cares to take the time and effort to utilize legal deductions is only working within the law, not to mention that at his level of income there is no way he does his own taxes, the only way it makes sense to do them yourself is if you make less than 50,000 per year.

    • Carol Greenberg says:

      Hy-po-crite:

      “A person who feigns some desirable or publicly approved attitude, especially one whose private life, opinions, or statements belie his or her public statements.”

      http://dictionary.reference.com/browse/hypocrite

      Obama is a “hypocrite” because he is doing “say as I do, NOT as I do.” Romney doesn’t matter in this instance. What matters is that the President of the United States is telling the rest of us to do not as HE does, but what he SAYS the rest of us should do.