>President Barack Obama wants to increase taxes on the wealthy, and surely is
>correct that this must be part of any serious plan to control the national debt.
>Consider the case of a wealthy couple who made $1.7 million in 2010, yet paid
>only 26.2 percent in federal income taxes — though the top rate supposedly is 35
percent, and the president says that figure should rise to 39.6 percent. The
well-off couple in question is Barack and Michelle Obama, whose tax returns,
just released, show they paid substantially less than the president says others
should pay.
>If Obama is in earnest about wanting increased taxes on the wealthy, then he
>should send the United States Treasury $182,998. That’s the difference between
>his Form 1040 Line 60 (“This is your total tax”) and what he would have owed at
>the higher rate (plus limits on itemized deductions) he himself advocates.
The President has never excluded himself from this. In fact, he cited *himself* as an example of someone who SHOULD pay more in taxes in his speech. So what's this guy's point? It's not hypocritical that he paid what he owed instead of what he feels that rate SHOULD be. He is willing to pay the higher rate should it be adopted. If the taxes get raised and Obama weasels out of paying the higher rate-then he is guilty of hypocrisy.
What a lame "gotcha".
Thom
http://thomwade.wordpress.com/
http://www.cafepress.com/Thomwade
http://www.in-one-ear.com
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