April 14, 2012

SandBoxBlogs: Fox News "Obama paid lower tax rate than secretary"

This news still does not let Romney off the hook for consistently paying lower rates than average workers nor does it come as a surprise that Obama is not practicing what he thumps on his campaign pulpit.

What it does do is put both candidates on the same exact footing with regard to their tax returns.

Could that possibly mean that voters do not have to listen to further rhetoric from either of them on the 'evils' of their personal finance choices?

Probably not.  Unfortunately, it's still a long road to November.

"President Obama and first lady Michelle Obama had a combined income of $789,674 in 2011 but paid a lower tax rate than the president's secretary, who made less than $100,000, the White House confirmed Friday.

The Obamas paid an effective rate of 20.5 percent. White House aides would not reveal presidential secretary Anita Breckenridge’s tax rate but confirmed it was higher than the first family's rate. Breckenridge earned $95,000 last year.

The Obamas' rate is less than the 30 percent the president wants millionaires to pay under his proposed Buffett Rule.

“The president’s secretary pays a slightly higher rate ... than the president on her substantially lower income, which is exactly why we need to reform our tax code and ask the wealthiest to pay their fair share,” White House spokeswoman Amy Brundage told Fox News....." (Read more?  Click title)

"Unapologetically pursuing and tracking patterns within the news others make since 2010."

1 comment:

mack said...

Wonder if he feels ashamed of himself at all.