I have no qualms about lowering my tax burden. If I can shelter my income in such and such a manner that I pay less taxes to the government, all the better. On the other hand, I do not advocate that the federal government increase its confiscation of more and more of other people’s money.
Our President, Barack Obama, however, does.
He thinks that it is incumbent upon the wealthy to “pay their fair share.” Heck, he might get elected saying nothing more than, “The rich aren’t paying their fir share because of George Bush.”
Barack Obama is the warrior’s warrior when it comes to class warfare. He has nothing but disdain for the rich. He thinks they have abused the poor to obtain their wealth and refuse to use their riches to benefit society. He openly advocates for massive income redistribution from the rich to the poor.
But he doesn’t practice what he preaches:
WASHINGTON — For months, President Obama has marveled that the billionaire investor Warren E. Buffett pays a lower tax rate than his secretary, citing it as an egregious example of an unjust tax code. It turns out that another famous and well-compensated American does, too: Mr. Obama.
The president and his wife, Michelle Obama, reported adjusted gross income of $789,674 in 2011, and paid just over 20 percent of it in federal taxes, according to income tax returns and gift-tax returns released by the White House on Friday. The White House confirmed that Mr. Obama’s secretary, Anita Decker Breckenridge, paid a “slightly higher” tax rate than her boss in 2011, on a salary of $95,000.
Un-freackin-believeable.
