The White House said that President Obama earned $789,674 in 2011, so he doesn't qualify for the so-called Buffett Rule.
Here's the question though: Does Warren Buffett qualify for the Buffett Rule? Lost, well, conveniently left out of, these discussions is an actual number for Warren Buffett's yearly income. (and never mind that Buffett is fighting the IRS over taxes owed, in an amount that could run some small countries) How much of his income is from capital gains? Could it be that the Altruist from Omaha wouldn't be affected by the tax named after him?
BTW- I'm doing the lumberkid's taxes for the first time. She only works part time but I believe she may have given more to charity than she earned last year. Shame on you, Joe Biden.
Friday, April 13, 2012
Posted by lumberjack at 11:45 AM