Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

UrbScotty

(23,987 posts)
Fri Apr 12, 2013, 01:34 PM Apr 2013

The Obamas Care: Barack and Michelle gave nearly 25% of their income to charity in 2012

President Obama released his 2012 federal income tax return today, with he and first lady Michelle Obama filing jointly and reporting adjusted gross income of $608,611. The Obamas paid $112,214 in total tax.

They reported donating $150,034 – or about 24.6 percent of their adjusted gross income – to 33 charities. The largest reported gift to charity was $103,871 to the Fisher House Foundation.

Obama's effective federal income tax rate is 18.4 percent and Press Secretary Jay Carney noted Obama has proposed policies like the Buffett Rule to require the wealthiest Americans to pay more. Under Obama's proposal, Carney said, including limits on the value of tax preferences for high-income households, Obama would pay more in taxes "while ensuring we cut taxes for the middle class and those trying to get in it."

The first couple also released their Illinois income tax return and reported paying $29,450 in state income tax.


http://www.newsobserver.com/2013/04/12/2820848/obama-and-biden-release-tax-returns.html
9 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
The Obamas Care: Barack and Michelle gave nearly 25% of their income to charity in 2012 (Original Post) UrbScotty Apr 2013 OP
Holy Christ on a cracker! Now you got me all worried! Vinnie From Indy Apr 2013 #1
In case you didn't notice, Vinny.. in your rush to snark.. this Cha Apr 2013 #2
Cheers, Cha! sheshe2 Apr 2013 #4
Cheers, She! Cha Apr 2013 #6
Just got home, Cha. sheshe2 Apr 2013 #7
Thankyou Cha! Whisp Apr 2013 #8
Listen to Cha and the others, Vinnie IrishAyes Apr 2013 #9
Of course, they do.. thanks UrbScotty Cha Apr 2013 #3
They do care, UrbScotty! sheshe2 Apr 2013 #5

Vinnie From Indy

(10,820 posts)
1. Holy Christ on a cracker! Now you got me all worried!
Fri Apr 12, 2013, 01:59 PM
Apr 2013

Last edited Fri Apr 12, 2013, 02:29 PM - Edit history (1)

I hope they can still meet basic expenses and cope with any emergencies after giving away 24.6% of their AGI. I wonder if they will have the skills and connections to make money once Obama leaves office. Well, at least they can rely on Social Security if things don't pan out.

Cheers!

Cha

(305,137 posts)
2. In case you didn't notice, Vinny.. in your rush to snark.. this
Fri Apr 12, 2013, 03:29 PM
Apr 2013

is the Barack Obama Group. In the Mission Statement it implies..no haters allowed.

Cheers!

IrishAyes

(6,151 posts)
9. Listen to Cha and the others, Vinnie
Fri Apr 12, 2013, 08:51 PM
Apr 2013

Don't embarrass yourself further by requiring that you must be blocked. Which you will be sooner or later if you persist in acting like a blockhead! Go crawl back under your rock.

Latest Discussions»Retired Forums»Barack Obama»The Obamas Care: Barack a...