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.