05272016Fri
Last updateMon, 09 May 2016 11pm

Obama Releases Taxes, Does Not Qualify for Buffett Rule

Matt Vasilogambros | National Journal:

President Obama earned $789,674 in 2011, the White House announced on Friday. However, with this income, he does not even qualify for the so-called Buffett Rule that he has promoted relentlessly and the Senate will take up on Monday.

The Buffett Rule calls for those making over $1 million a year to pay a minimum tax rate, named after billionaire Warren Buffett. The president did earn over $1 million in previous years--$1.7 million in 2010 and $5.5 million in 2009.

The president paid $162,074 in taxes with an effective tax rate of 20.5 percent, according to the returns. Both Obama and Vice President Joe Biden are releasing their tax returns. The Obama campaign has pressured likely rival Mitt Romney to release his own returns, as well. ...continues...

" No country upon earth ever had it more in its power to attain these blessings than United America. Wondrously strange, then, and much to be regretted indeed would it be, were we to neglect the means and to depart from the road which Providence has pointed us to so plainly; I cannot believe it will ever come to pass. "
--George Washington, letter to Benjamin Lincoln, 1788
GameStop, Inc.

Help us out!

Your contribution is appreciated, if only a couple of bucks, the cost of countering the liberal media is arduous and costly.

Recommended Reading...

Auto Parts Warehouse
SMS Audio LLC
District of Columbia United States Partly Cloudy (night), 70 °F
Current Conditions
Sunrise: 5:47 am   |   Sunset: 8:25 pm
81%     11.0 mph     34.236 bar
Forecast
Fri Low: 69 °F High: 87 °F
Sat Low: 70 °F High: 86 °F
Sun Low: 67 °F High: 82 °F
Mon Low: 70 °F High: 75 °F
Tue Low: 68 °F High: 82 °F
Wed Low: 67 °F High: 80 °F
Thu Low: 66 °F High: 78 °F
Fri Low: 65 °F High: 78 °F
Sat Low: 63 °F High: 74 °F
Sun Low: 62 °F High: 72 °F