Barack Obama: Tax Hypocrite

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    Aug 04, 2012 3:00 PM GMT
    http://pjmedia.com/tatler/2012/08/03/barack-obama-tax-hypocrite/

    If you take a look at Obama’s 2011 taxes, you see that he paid a rate of 20.5%, a little higher than Romney but still not that high given his income. Higher than Romney’s, but then he had book royalties and wages from his job rather than capital gains etc. But on his itemized deductions, he took deductions for his mortgage, and charitable deductions that substantially lowered his tax burden. He has been trying to lower these itemized deductions for those who make more money (such as himself, one of the “rich”) saying that it is not fair. Yet he takes them fully anyway. I assume Mitt Romney has no problem with lower capital gains rates for those investing and taking a risk in business and he takes those deductions. Who is the real hypocrite here?
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    Aug 04, 2012 3:04 PM GMT
    SaturdayJock saidLiberals are not capable of being able to understand your point.


    Tax hypocrite and President Obama is all they need to retain icon_wink.gif
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    Aug 04, 2012 3:18 PM GMT
    That's the dumbest thing you've ever posted.
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    Aug 04, 2012 3:44 PM GMT
    SaturdayJock said
    riddler78 said
    SaturdayJock saidLiberals are not capable of being able to understand your point.


    Tax hypocrite and President Obama is all they need to retain icon_wink.gif


    Oh, they can't. If so, Obama's Treasury Secretary Timothy-the-tax-evader-Geithner wouldn't still have his job, and Charlie-the-tax-cheat-Rangel (D-NY) wouldn't still be in Congress.


    SB - If you're going to keep creating sock accounts, you could do a better job of pretending to be someone else. icon_lol.gif
  • GQjock

    Posts: 11649

    Aug 04, 2012 3:47 PM GMT
    Wow ... taking to posting things about Obama's taxes now.....


    Tell the PR firm for Romney the check's in the mail

  • HottJoe

    Posts: 21366

    Aug 04, 2012 3:50 PM GMT
    Obama is trying to change the tax code, and has said that in doing so he will pay higher taxes.

    You're twisting the truth to serve your own agenda.... Againicon_rolleyes.gif
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    Aug 05, 2012 1:52 PM GMT

    I am not sure why a Canadian would be so hung up on US politics.

    It will be interesting if and when Romney discloses his taxes.

    The notion of lower capital gains for those taking a risk is a joke. First, most Americans take their capital gains in their IRA and that is taxed at their personal income tax rate. Second, when you see that banks gave a bonus or corporations gave a golden parachute, it is frequently not in salary but in options, thus a millionaire will not pay their tax rate - real or nominal, but the lower capital gains tax rate.






  • jock_1

    Posts: 1491

    Aug 05, 2012 1:53 PM GMT
    mrrumples said
    HottJoe saidObama is trying to change the tax code, and has said that in doing so he will pay higher taxes.

    You're twisting the truth to serve your own agenda.... Againicon_rolleyes.gif


    I am not sure why a Canadian would be so hung up on US politics.

    It will be interesting if and when Romney discloses his taxes.



    Just as interesting when we find out about democrats not paying taxes or working around the tax system. Just as interesting why Obama invoked executive provledge on "fast and furious". Just as interesting why Obama's college transcripts are sealed.