Obama’s “Fair Share” Nearly the Same as Mine

by Ryan on April 14, 2013

in Economy,Politics,Stupid government

If you believe “rich” is considered any household earning over $250,000 a year, and if you believe that the acceptable tax rate on the top earners is 39.6%, then wouldn’t you think someone pulling in $608,611 should pay their “fair share” of taxes?  Even if this person gave (and legitimately deducted) a substantial amount of money, say $150,034, to charity then they would still be in that top bracket, clearing over $450,000.

That being said, the figures above belong to the Obama’s.  It turns out that the First Couple paid an effective tax rate of 18.4% in 2012 on their income.

Just for some perspective, in 2012 I personally paid a federal tax rate of 14.8% and a 3.4% New Jersey tax rate.  Meaning that a person with my job and demographic data paid a combined federal and state tax rate of 18.2%!  I’m in the $50,000 to $75,000 income range and I paid virtually the same percentage of taxes than the Obama’s who made over $600,000!  That’s infuriating.

I wouldn’t mind all that so much if we had a flat tax (a real “fair share”), but we don’t.

Always remember Andrew Wilkow’s gem:  “socialism is for the people, not the socialists.”  We have a ruling class that gets to make their own rules, then takes advantage of those rules while having the nerve to try to give the rest of us a guilt trip about paying our “fair share.”  This tax code doesn’t seem particularly “fair” to this pleb.

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