Journalism in the Public Interest


Check Out President Obama and VP Biden’s 2010 Tax Returns

It’s Tax Day, and if you’re miffed and looking for a Tea Party Tax Day event to join, perhaps you should first take a look at what the Obamas are paying in federal taxes. It might provide a bit of consolation.

According to the First Family’s 2010 tax return, the Obamas paid in excess of $450,000 in federal taxes—more than the President’s $400,000 salary. Much of the family’s income is from book sales, which slowed over the past year, causing their income to dip from $5.5 million in 2009 to $1.7 million last year. As the New York Times notes, the Obamas had a tax rate of just over 26 percent.

The Bidens earned about $379,000 in income and paid $87,000 in federal taxes last year—a tax rate of about 23 percent.

That’s more than the average federal income tax rate, which, according to the Associated Press is 9.3 percent. The AP also reported that the richest U.S. households—whose income is officially taxed at 35 percent—paid a tax rate of about 17 percent after factoring in lucrative tax breaks.

In a speech last week, President Obama made clear he would block the extension of the Bush tax cuts, which expire at the end of 2012. That would raise the tax rates on individuals making more than $200,000 and households making more than $250,000—and would clearly apply to both the Obamas and the Bidens.

The White House released the tax returns today. We’ve posted them in our document viewer, so if you’re not rushing off to the post office to mail in your own returns, have a look.

Don’t be so gullible. What Obama says and what he does are two different things.

The amount of taxes he paid IS about what he DID, now what he said.
Wake up and stop drinking that tainted tea

Barbara Crowley

April 19, 2011, 11:33 p.m.

They earned that much money for those less than mediocre books? Yikes, I had better get going on mine. It will be about how Obama lied to get the votes that threw him into this cushy life. He never has to make decisions; he just checks the wind and goes that that. I do wonder how he thinks we would vote for him again. That’s a stretch. OH, I forgot SCOTUS changed the game. Now, Obama’s corporate sponsors can spend billions on pathetic campaign ads and the public will fall for it again. Oh well, at least I won’t vote for him or work for him again. I do know that. Come to think of it, do we have any decent “leaders” in Washington. Except for Bernie Sanders and a few others I just can’t recall any other decent ones.

Barbara:  And WHO do you suggest we put in his place….Donald Trump, Sarah Palin???  Give me a break!  And do you HONESTLY think that the other politicians, both Democrat and Republican, aren’t going to get a boost from their corporate sponsors also.  Our entire government is OWNED by big business, and until we do away with lobbyists and corporate campaign contributions, we’ll NEVER have an honest government on EITHER side!  I guess we have the uber conservative Supreme Court to thank for that….and they are ALSO in the pockets of big business.  Our Founding Fathers are probably spinning in their graves to see what has happened to the government they foresaw over 200 years ago.

It would be interesting to see a chart with the same tax information published on all members of Congress and the Supreme Court.

Barbara Crowley

April 20, 2011, Noon

RE: DIdi.

Who else can we put in this place? That is exactly what the Obama people are planning on. They figure we have no place else to go so no matter how they ignore, abuse and step on the progressives and the middle class we have no one else to vote for. Seems to me we do. !. The Green Party which has some morals and values that fit right in with what we used to call American values. 2. It’s not too late to look for another Democratic candidate to challenge Obama. He is very unpopular with both Democrats and Republicans and now would be the time. But once again the Financial industry loves him and they do have the money. Let’s face it. this is no longer anything even close to a democracy and so it doesn’t matter what we do. The whole elections sham is just to fool the people into thinking they actually do have a voice but we don’t.

Vote Hugo Chavez-  2012.

Does the average of 9.3% take into consideration that 47% don’t pay any income tax at all?

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