The First Family’s 2010 tax return was released today. Reporter/Producer Elizabeth Shell pulled out some of the more interesting numbers.
So President Obama paid $500,000 last year in taxes. A question for those on the left: How much should Obama have paid in order to pay his fair share?
By my quick, back of envelope math, his pre-deduction, assuming everything was regular income tax bill was ~$622,114; using current proposals to return to Clinton era rates, that number goes up to the blinding, economy destroying, and Western Civilization threatening number of ~$691,238.
Wow. I can really understand the ferocity of the opposition there. That’s almost $70,000 for a man making about $2 million. Just no way to make that up.
Lemkin 