Romney’s Federal Tax Rate Compared to Obama’s Federal Tax Rate, the True Story

Keep in mind as you read this, that all these people get the same services as the 47% who pay no federal income tax except that Romney receives secret service protection and Obama receives that plus extravagant food and board, lavish vacations for himself, his family and their friends.

Is this fair?

Romney paid a lower federal tax rate than Paul Ryan but he paid millions more in taxes. In 2010, he paid $3 million in taxes and added to the 13.9% he paid in federal taxes, he paid another 7% to charity, bringing his share to 20%. In 2011, Romney paid a tax rate of 15.9%, which amounted to $3.2 million and he paid his usual millions to charity. His income was about 20 million each year.

Romney has paid 20% in charity for several years.

Middle income Americans pay 12.8% of their income in federal taxes. Of course, 47% of Americans pay no federal income tax and some receive payments for paying nothing because they had a small income or work off the books and don’t list their actual income. Let’s not forget the 4.2 billion dollars in tax refunds given illegal immigrants under Obama.

Is this fair?

Congress won’t give us their tax returns. Do you really think Reid and Pelosi don’t use deductions? Do you think they pay their fair share? If they do, wouldn’t they submit their tax returns? VP Biden, who is President of the Senate, paid 1% in charity.

Is this fair?

Obama paid $162,074 in federal taxes on $789,674 for a rate of 20.5% last year. He is reportedly worth $10 million. Where are the taxes for the rest of the money he earned? Half his assets are sheltered in Treasury bills and notes. Much of his income comes in from book royalties. It’s hard to say where that money ends up since the White House only has to give estimates.

Is this fair?

Did you see what I wrote? The WH only has to give ranges, estimates! Sources: Your Black World and USA Today

Up until recent years when their income increased sharply from book revenues and a Senate salary, Obama’s family donated a relatively minor amount of its earnings to charity. From 2000 through 2004, the senator and his wife never gave more than $3,500 a year in charitable donations — about 1 percent of their annual earnings.

In 2005, however, that total jumped to $77,315 (4.7 percent of annual earnings), and to $60,307 in 2006 (6.1 percent).

Interestingly, $13,000 was given to the Congressional Black Caucus, a socialist black organization, which Obama classified that as a charitable donation. You and I couldn’t do that. Political contributions are not tax deductible. [HuffPo]

Is this fair?

Once, Obama ran for higher office, he sharply increased his charitable donations.

Be patriotic like the French socialists, make the wealthy pay 75% in federal income taxes alone so they end up like Barack Obama Sr. had hoped they would by paying 100% of their income in taxes (that’s what the man wrote in a political paper and his good friend said his son is one with him – see the information in the documentary 2016: Obama’s America).

Biden who gives 1% of his income to charity, wants us all to be patriotic and pay through the nose. [Fox Insider]

Is this fair?

Reason TV gives us a great rundown, watch the entire clip to get the whole picture.

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