Thursday, January 03, 2013

Pay Your Fair Share, Obama!

“Obviously, there is still more to do when it comes to reducing our debt,”  ...  “And I’m willing to do more, as long as we do it in a balanced way that doesn't put all the burden on seniors or students or middle class burdens but also asks the wealthiest Americans to contribute and pay their fair share.”

(said by Obama in a video recorded before leaving for Hawaii)

The record speaks for itself:

President Obama will kick off the new year the same way that he kicked off the old year: by demanding that the wealthy pay their "fair share" in taxes. But while millions of small-business owners, struggling entrepreneurs, inventors and investors brace for a double whammy of fiscal cliff tax hikes and new Obamacare taxes, the class-warrior in chief's richest pals are getting a pass.

It's a Golden Pass for liberal millionaires and billionaires who support higher Obama taxes for everyone but themselves. Meet the Democratic tax evaders of the year. ... Google ... The Washington Post ... Costco ... Facebook ... George Lucas ... Andre "Dr. Dre" Young ...

According to their 2010 federal tax return, Barack and Michelle Obama claimed an adjusted gross income of $1,728,096, the majority of which was made from book royalties. The president earns an annual salary of $400,000 for performing his duties as the nation's leader.

To break the numbers down a bit further, the couple paid $453,770 in federal taxes and gave $245,075 to 36 charities. Using these numbers, the Obamas paid 26 percent of their adjusted gross income in taxes. Could this be what President Obama means as a “fair share” for the nation's millionaires?

Taxpayers spent $1.4 billion dollars on everything from staffing, housing, flying and entertaining President Obama and his family last year. In comparison, British taxpayers spent just $57.8 million on the royal family.

Figures obtained by Hawaii Reporter reveal the trip is expected to run taxpayers about $4 million. It has already cost taxpayers about $100,000 extra just so first lady Michelle Obama and the president’s daughters, Sasha and Malia, could leave Friday before the president, according to White House Dossier.

So when is the Cheapskate-in-Chief going to pay his fair share?

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