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They both pay less than their secretary does in taxes. “President Obama today released his 2011 federal income tax, with he and his wife reporting an adjusted gross income of $789,674. The Obamas paid $162,074 in total tax – an effective federal income tax rate of 20.5%. The Obamas also reported donating approximately 22% of their income to charity — $172,130. President Obama has been making a big political push for the [...] (ABC News) President Obama today released his 2011 federal income tax, with he and his wife reporting an adjusted gross income of $789,674. The Obamas paid $162,074 in total tax – an effective federal income tax rate of 20.5%. The Obamas also reported donating approximately 22% of their income to charity — $172,130. President Obama has been making a big political push for the “Buffett Rule,” which would require millionaires to [...] Photo by Donovan Slack/POLITICO Dozens of journalists packed into the East Room at the White House today for the president’s remarks on “in-sourcing,” at least 60 of them lining the press risers and walls. But what many couldn’t see in press coverage of the event — held with roughly 120 executives to discuss bringing jobs back to America from overseas — were the dozens of empty seats in the audience. At one point during Obama’s [...] At some point during the first two years of his administration, President Obama stopped receiving the daily economic briefing that he requested when he took office. Former White House press secretary Robert Gibbs announced at his own first daily briefing reporters that Obama asked for the daily economic briefing, described then as comparable to the daily intelligence briefing the president gets every morning. “The president asked that this be added every day [...] |
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