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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:
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.