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Obamas’ and Bidens’ Tax Returns

Posted by Steve Markowitz on April 13, 2013

Progressives often pontificate what others should pay in taxes and give backs to society through charity.  It is interesting to compare what they say with their personal taxes and charity.

The blaze.com offered some interesting tidbits on the Obama’s and Biden’s 2012 tax returns that included the following:

  • The Obama’s had a total income of approximately $609,000.  Of that they gave approximately $150,000 to charity, just under 25%.  While the First Family is clearly charitable, they are also a part of the 1% and live as such.
  • The Obama’s paid approximately $112,000 in total taxes, an effective rate of approximately 18%.  It would be insightful if the President would confirm whether he believes this to be his “fair share”.
  • The Biden’s had a total income of approximately $385,000.  Their charitable contribution was approximately $7,200, less than 2% of their income.  In addition to being a bit uncharitable, $2,000 of this amount was in the form of items given to Goodwill.
  • VP Joe Biden also received in 2012 approximately $30,000 in Social Security benefits, a rate that is double the amount the average retired worker collects.  Evidently being a “public servant” has its financial benefits.

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