Where's the rest of My Income?

Or is Obama just lying?

I got the news Tuesday.  My INCOME taxes are going up January 1, 2011 because of the new Health Care (deceptive advertising I know) law.  Yet I do not make $250k.  Nor combined with my Wife do we make $250k.  We do not even make the $200k the bumbling boob of stupidity Biden said would be the cut off.

So I want to know.  Where is the rest of my income?  Obama promised that no one making less than the $250k would see a dime of increase in taxes.  I will. And I do not make nearly that much. 

So has the government stolen money from me that I was not aware of?  Or did Obama just outright lie?

Given who is running the government, I can't give more weight to one or the other.  Both are happening too frequnetly these days, and are equally likely.

Obama is a liar, and the democrats are stealing my income.

10,489 views 23 replies
Reply #1 Top

I guess for some it's OK to steal so long as they are benefiting from it.

Reply #2 Top

I'll ask my husband when he gets home.  He knows all the tax laws and usually tells me what's coming before the news gets out.  He came home yesterday with Obama's tax return. Have you seen it yet? Obama and his wife made over 5 Million.  I have to check but I'm thinking he only had 21% taken out of his.  He made $374,460 as President and the rest were book sales and speaking engagements. 

 

Reply #3 Top

Was their any doubt Obama was lying the moment he said it? But hey, you should be thanking him (Obama's words).

I'll ask my husband when he gets home. He knows all the tax laws and usually tells me what's coming before the news gets out. He came home yesterday with Obama's tax return. Have you seen it yet? Obama and his wife made over 5 Million. I have to check but I'm thinking he only had 21% taken out of his. He made $374,460 as President and the rest were book sales and speaking engagements.

"The Obamas released their federal and Illinois income tax returns and their gift tax return. They filed a joint 2009 tax return as a married couple and reported $5,623,690 in total income, the majority of that income was generated from the sale of Barack Obama's books. The Obamas reported a federal tax liability of $1,792,414 (including self-employment tax from the book sales), for roughly a 32% average tax rate. They also maxed out their SEP-IRA contribution and took deductions for charity. They opted to have their refund applied towards their 2010 estimated tax in lieu of receiving a refund check.

The Bidens reported total income of $333,182 and a federal tax liability of $71,147, for roughly a 21% average federal tax rate. The Biden's federal tax includes $5,829 of alternative minimum tax and $709 in payroll taxes for household employees (the so-called "nanny tax"). Unlike the President who had a refund, the Bidens reported a balance owed to the IRS in the amount of $5,443." http://taxes.about.com/b/2010/04/15/obamas-2009-tax-return.htm

Looks like these rich bastards aren't paying enough taxes. I wonder if they will make up the difference, since they think the tax rate for rich bastards is too low.

Reply #4 Top

Obama promised that no one making less than the $250k would see a dime of increase in taxes.

He told the truth.

Or did you see a dime of the increase in taxes? :-)

 

Reply #5 Top

They filed a joint 2009 tax return as a married couple and reported $5,623,690 in total income, the majority of that income was generated from the sale of Barack Obama's books. The Obamas reported a federal tax liability of $1,792,414 (including self-employment tax from the book sales), for roughly a 32% average tax rate. They also maxed out their SEP-IRA contribution and took deductions for charity.

One might ask. Do they really need that much money?

I know money for the poor is not supposed to come from people who "care", but wouldn't it be appropriate to take the money the Obamas don't need and just give it to the poor?

Reply #6 Top

One might ask. Do they really need that much money?

I know money for the poor is not supposed to come from people who "care", but wouldn't it be appropriate to take the money the Obamas don't need and just give it to the poor?

They want a bigger slice of the "rich" to pay, but I guess they don't see themselves that way. I'd be willing to bet, Obama's income will miraculously decrease next year after the Bush tax cut is rescinded.

It would be great if the US had two tax systems based on how one votes. If you want all the Democrat entitlement programs, you pay the Democrat tax rate. Things that must be shared like National defense, are split evenly. Make it $5K if you want to change. Wishful thinking I know.

Reply #7 Top

With the freeze on military retired pay, VA benefits, and Social Security benefits, and figuring in the new tax rates...I am way broke.  The 2011 Form 1040 only has two lines:  A) How much did you make?  B)  Send it in.

Reply #8 Top

Quoting ChuckCS, reply 1
I guess for some it's OK to steal so long as they are benefiting from it.

A thief breaks into my house and takes some money I have left laying around.  The man is an honest man.  He never pretended he was there to help me, he was just there to rob me.

There is no honesty in DC.  I doubt there has been an honest statement in the last 2 years.

Reply #9 Top

Quoting KFC, reply 2
I'll ask my husband when he gets home.  He knows all the tax laws and usually tells me what's coming before the news gets out.  He came home yesterday with Obama's tax return. Have you seen it yet? Obama and his wife made over 5 Million.  I have to check but I'm thinking he only had 21% taken out of his.  He made $374,460 as President and the rest were book sales and speaking engagements. 

James Mitchner writes books.  Tom Clancy writes books.  Obama (and most politicians) do not write books, they launder kick backs.

Reply #10 Top

Quoting Nitro, reply 3
Was their any doubt Obama was lying the moment he said it? But hey, you should be thanking him (Obama's words).

I would love to thank him personally.  I just have a question for the Politically correct out there.

is Pig shit considered sacrilegious to Muslims like pig skin?

Reply #11 Top

Quoting Leauki, reply 5
One might ask. Do they really need that much money?

I know money for the poor is not supposed to come from people who "care", but wouldn't it be appropriate to take the money the Obamas don't need and just give it to the poor?

People "earning" that money usually do as they invest it to create more jobs.  People getting bribes and kick backs like the Obamas do not, but of course did you catch their charity donations?  About 1%.  So apparently they only want poor people to have YOUR money, not their ill gotten gains.

Quoting Nitro, reply 6
They want a bigger slice of the "rich" to pay, but I guess they don't see themselves that way. I'd be willing to bet, Obama's income will miraculously decrease next year after the Bush tax cut is rescinded.

When your accountant is Rezko, who learned his accounting from Al Capone, I guess Obama considers all the taxes he paid as charity contributions.  After all, paying taxes is just for the "little" people and the honest folks, not the Obamas.

Reply #12 Top

Quoting Big, reply 7
With the freeze on military retired pay, VA benefits, and Social Security benefits, and figuring in the new tax rates...I am way broke.  The 2011 Form 1040 only has two lines:  A) How much did you make?    Send it in.

Funny how the rest of the federal employees saw NO freeze.  In fact, working for the feds now pays more than working for private companies.  But then I do not recall a year when the feds did not get a raise, but recalled plenty when states and private biz did not.

Reply #13 Top

It isn't the Democrats, it is the United States Congress (D+R+I) and the Executive Branch, who seems to think that the 'for the people' part needs to be stripped off the Constitution and the 'by the people' means the 'polling majority' (aka however many people we can get whipped into a frenzy). People forget that this (the U.S. of A.) isn't supposed to be a true majority rule democracy it is a representative republic.

Reply #14 Top

Quoting Korwyn, reply 13
It isn't the Democrats, it is the United States Congress (D+R+I) and the Executive Branch, who seems to think that the 'for the people' part needs to be stripped off the Constitution and the 'by the people' means the 'polling majority' (aka however many people we can get whipped into a frenzy). People forget that this (the U.S. of A.) isn't supposed to be a true majority rule democracy it is a representative republic.

You are unfortunately correct.  Once they step across the Potomac, these "fellow citizens" seem to think they are above the rest of us.

Reply #15 Top

The justification for withholding raises this year was that the cost of living index didn't go up last year.  I know they use fuel prices as a big factor, but all the other prices went up...a lot...even if gas went down.  But that didn't stop congress from getting their cost of living bump...about 3800 dollars worth.  Tsk, tsk.

Reply #16 Top

Come on, Dad, all you did was risk your life for your country. Congress has had to sacrifice so much more. Do you know what it's like to work 3 days a week, 7 months a year for way more money than the average American makes? You've never had it that rough in your life.

Reply #17 Top

You're right...I'm just a whiner.

Reply #18 Top

Quoting Big, reply 15
The justification for withholding raises this year was that the cost of living index didn't go up last year.  I know they use fuel prices as a big factor, but all the other prices went up...a lot...even if gas went down.  But that didn't stop congress from getting their cost of living bump...about 3800 dollars worth.  Tsk, tsk.

I know about the justification.  They used the same for the Social Security folks.  But somehow, the civilian federal employees seemed to have gotten a raise.  (I did not get one, but then I work for Aunt Ginny).  But I do not think it was a raise, more of a bribe - to Andy Stern and the SEIU.  What else would one expect from the chicago corruption?

Quoting Humbordt, reply 16
Come on, Dad, all you did was risk your life for your country. Congress has had to sacrifice so much more. Do you know what it's like to work 3 days a week, 7 months a year for way more money than the average American makes? You've never had it that rough in your life.

Yea, some of us just do not understand the sacrifices of the nobless oblige!  The outrage of it to make them work at all!

 

Sidebar - I see the JU Ad on this article is for Tax Masters.  I wonder how Obama got his ad on my blog? ;)

 

Reply #19 Top

Once they step across the Potomac, these "fellow citizens" seem to think they are above the rest of us.

I think it's because of the royal purple invisible capes they fly around their offices with.

They're in la-la land. 

Reply #20 Top

Quoting KFC, reply 19
I think it's because of the royal purple invisible capes they fly around their offices with.

They're in la-la land. 

DC may be La-La land, but the only royal they have is the pain in the butt they cause us.  Hemorrhoids are contagious - you catch them from politicians. ;)

Reply #21 Top

hmmmm, a politician lied. Who woulda thunk it? :|

Reply #22 Top

Quoting MasonM, reply 21
hmmmm, a politician lied. Who woulda thunk it?

I can be so naive at times. ;)

Reply #23 Top

:LOL: