Friday, October 17, 2008

Comrade Obama says he can afford to pay more taxes


During the Presidential debate, comrade Obama said that he, his friend Warren Buffet and other’s like them could afford to pay more in taxes. Now I don’t have comrade Obama’s 2007 tax return, but I did get some information off the Internet.

See, I was wondering, sense there is no reason that you can’t pay more tax than required, just how much more Obama (who clearly feels the government needs more money) overpaid to ‘spread his own wealth around’.

It seems that comrade Obama made $4,238,165 last year and paid $1,396,772 in federal taxes. The highest income tax bracket is 35% for all income over $366,650. Obama paid a total tax of 32.9% on his reported income.

Doesn’t look like he paid any extra. In fact, comrade Obama reported making charitable contributions totaling $240,370. The only reason charitable contributions would show up on a tax return is for the tax deduction you get for them. Why comrade, I thought you could afford to pay more, why would take any tax deductions?

Not to worry, I’m sure your friend Warren Buffet didn’t have a veritable army of tax accountants find him every deduction and loophole possible. I’m sure he paid more than the absolute minimum he could legally get away with.

It made a nice sound bite and sounds good to the voter, I'm willing to share your pain kind of stuff. Not really leading by example though.

Please note, the above image of Barack Obama is photoshopped, I am unaware of any actual photo's of him in a soviet army uniform or of his standing in the communist party.

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