Whoops! Obamas Paid Lower Tax Rate Than His Secretary
Fox News, fair and balanced, reports that with today’s release of the Obamas’ 2011 tax return, the White House has acknowledged that Barack and Michelle Obama paid taxes at a lower rate than the president’s secretary.
Of course, like Warren Buffett, the Obamas could have paid more into the US Treasury had they chosen to. A simple check would do. But they didn’t. They also could have paid the secretary more. She earned less than $100,000 according to the White House.
Obviously, the answer is to lower everyone’s tax rates… rather than sitting back and watching them increase on January 1, 2013.Tags: Barack Obama, Taxes