Friday, April 15, 2016

Obama Only Pays A 18.7 % Tax Rate on $436,000 of income

Fox News reports:
President Barack Obama's income fell to just over $436,000 in 2015, the lowest of his presidency, and he and first lady Michelle Obama paid nearly $81,500 in taxes, according to tax returns the White House released on Friday.

The president's more modest adjusted gross income reflected book sales that have continued to fall off in the years since he last published in 2006. The first family paid an effective tax rate of 18.7 percent.
Why not have a top marginal tax rate of 18.7 %? If it's good enough for a Social Justice Warrior like Obama how can it not be alright for the rest of us? Just a reminder: if Obama wanted to pay a top rate of 39.6% he could have. All good socialists want other people to pay.