Obama fails to pay his fair share of taxes, doesn’t even get capital gains income
It’s bad enough Obama goes out telling Americans to pay their “fair share” when he has his jobs czar Jeffrey Immelt CEO of GE had the company paying ZERO taxes in 2010. It’s even more hypocritical when he cites Warren Buffet for the “Buffet rule” to tax those “evil rich” to pay “their fair share” of taxes when Warren Buffett’s Berkshire Hathaway owes up to one billion dollars in back taxes since 2002. Now we learned that the Obamas “only” paid 20.5% of their income in taxes, when their rate of federal income tax should be about 35%. Obama doesn’t make any money from capital gains on stocks and dividends. He lives off his $400,000 tax payer funded salary and royalties from his books.
Let us also not forget that 41 members of the Obama regime owe the government $831,055 in back taxes. Pay up, or shut up!