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OBAMA only paid 20% tax rate? He raised taxes and now doesnt pay the rate he was behind? Explain please!

Created by A.R. on April 14, 2014

Mr. Obama had an income of nearly 500 thousand dollars in 2013, yet he only paid an effective tax rate of 20%. How can a democrat who proposes tax hikes on the wealthy then turn around and avoid paying those taxes. His answer is likely charitable contributions. Unfortunately, the government can't run on your charitable contributions. If you want to raise taxes on the wealthy, why not pay those tax rates? This is pure hypocrisy stemming from the Democratic Party and Obama himself. Tax hikes on the richest of Americans are at an all-time low, yet we can't even get our own president (the same one who takes multi-million dollar vacations on our dime) to pay the appropriate tax rate he has espoused.

Budget & Taxes
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