Business

President, VP Taxes Revealed: Guess Who Doesn’t Qualify for Buffett Rule and Who Gives 1.5% to Charity

Obama Doesnt Qualify for Buffett Rule; Biden Gives 1.5 Percent to CharityJust in time for tax day, both President Barack Obama and Vice President Joe Biden have released their tax returns.

“Together, [the Bidens] reported adjusted gross income of $379,035. The Bidens paid $87,900 in total federal tax for 2011. They paid $13,843 in Delaware income tax and $3,614 in Virginia income tax,” the White House website proclaims.

“The Bidens contributed $5,540 to charity in 2011,” the site adds.

But you know what this means, right?

“In other words, the Bidens donated less than 1.5 percent of their adjusted gross income to charity [emphasis added],” the Weekly Standard’s Daniel Halper writes.

By comparison, the president gave far more to charities: nearly 22 percent of his adjusted gross income in 2011.

Obama Doesnt Qualify for Buffett Rule; Biden Gives 1.5 Percent to Charity“[Obama] and the First Lady filed their income tax returns jointly and reported adjusted gross income of $789,674. … The President and First Lady also reported donating $172,130 – or about 22% of their adjusted gross income – to 39 different charities,” the White House website reports.

Hey, wait a minute. To repeat myself, do you know what this means?

President Obama “does not…qualify for the so-called Buffett Rule that he has promoted relentlessly and the Senate will take up on Monday,” the National Journal’s Matt Vasilogambros.

As most Blaze readers know, the much-touted Buffett Rule (named after billionaire Warren Buffett) seeks to impose a minimum tax on those making over $1 million a year. However, according to his 2011 tax returns, it looks like the president is exempt from his “fair share” rule.

And now, a video of the president saying “I should pay more taxes” (via Fox Nation):

Click here to see the Obamas’ tax returns.

Click here to see the Bidens’ tax returns.

This article has been updated.

Comments (129)

1 2 3 4
  • altannt
    Posted on April 13, 2012 at 12:30pm

    When you lie for a living it will sooner or later catch up to you. Keep up the pressure on this fool and he will be gone.

    Report Post »  
  • LovinUSA
    Posted on April 13, 2012 at 12:26pm

    Two of the biggest lying A holes that America has ever seen, and NO ONE HAS DONE A DAMN THING THERE TO STOP THEM screwing the American people, I am so glad all you f-ing dingbats that voted for him will be very happy living in your posh houses and driving your escalades, yeah, hows that hope and good will working for you now???? You dumb, illiteraters a-holes, lookin for a free ride.

    Report Post » LovinUSA  
    • encinom
      Posted on April 13, 2012 at 12:53pm

      Two of the biggest lying A holes that America has ever seen

      Who Glenn Beck and Romeny or Paul Ryan?

      Really, the lunatics that make up the Beck following are just crazy basement dwellers filed with nothing but hate.

      Report Post »  
    • Lordchamp
      Posted on April 13, 2012 at 1:06pm

      And your proof of this is what?

      Hatred like the name calling you’re doing? Is that what you mean?

      Report Post »  
    • mdeputy7
      Posted on April 13, 2012 at 1:26pm

      Encinom, you’re a troll, you’ve always been a troll, and you’ll always be a troll. Yes there are some on here filled with hate. That’s obvious. But it‘s not be people you’re pointing out. Conservatives are looking to make a better, stronger America. Liberals are focused on getting more for themselves and making everybody “feel good.” I don’t see the hate on the conservative side as a whole. I do, however, see a lot of people from the liberal side trying to destroy any symbol of Christianity. Seems like hate to me.

      Report Post »  
    • kaydeebeau
      Posted on April 13, 2012 at 6:03pm

      @ ENCINOMORON – bless its heart……

      Report Post » kaydeebeau  
  • 1Haole_Boy
    Posted on April 13, 2012 at 12:24pm

    Obama Lies to make Himself look Reaganesque in his Buffet Rule and his class-warfare speech!
    __Two speeches Reagan made on June 28, 1985 and June 6, 1985 where he quotes a letter from a business man stating that it was crazy where some millionaires pay a zero tax. Reagan was trying to get a tax cut for all Americans which he succeeded in doing ultimitely by cutting taxes across the board by 25 percent. The Obama lie is that Reagan wished to raise taxes on the wealthy.
    __When Reagan made this speech, the highest tax bracket was 50 percent which he cut by 25 percent. Capital gains tax at the time was at 20 percent and wanted to cut it as well to 17.5 percent.
    __Reagan was not gunning for the rich but rather wanting to give all a tax break including the job creators by cutting their tax rate as well as the capital gains tax rate.
    __Reagan allowed for the private sector to create 15 million new jobs, expand the S&P 500 worth by 124 percent, bring unemployment down from over 7 percent to around 5 percent,; bring inflation down from 12.5 percent to a little over 4 percent.
    __Obama wants to raise capital gains tax, wants to raise the tax on 90 percent of the job creators, and wants you to believe his policies are like Reagan’s.
    ***My ears burn when I hear Obama lie straight faced to the American people and the spectre of the functionally illiterate buying his lies.

    Report Post »  
    • chas
      Posted on April 14, 2012 at 7:10pm

      The hell of it is, he continues to lie about the Buffet rule, and absolutely NOBODY in the MSM is calling him out on it. He continually talks about Buffet’s “income tax”, that isn’t “income tax” at all. It’s capital gains. Capital gains on investments made with “after tax” income, which he more than likely STILL owes, since he’s in court fighting the IRS, for the BILLION he owes!

      Report Post » chas  
  • keepthefaith
    Posted on April 13, 2012 at 12:21pm

    The amount most liberals give to charity is pathetic. I pay more to charity then the Biden’s with my family making $60,000 per year. Not trying to brag, just pointing out a huge issue! They only want to help people with other’s money. They have no intention of doing it themselves.

    Report Post » keepthefaith  
  • beekeeper
    Posted on April 13, 2012 at 12:21pm

    How dumb is Biden, after all his years in politics, including the last four year’s scrutiny of his income taxes to NOT increase his charitable giving?

    Answer – Apparently, Pretty Dumb…

    He collected much more than that in rent payments from the Secret Service who rents an outbuilding on his residence to provide him with his free security. The Secret Service is paying him $2,200/month to rent a cottage on his property in Delaware:

    http://www.washingtontimes.com/news/2011/nov/10/biden-will-continue-collect-rent-secret-service/?page=all

    Report Post » beekeeper  
    • Beckofile
      Posted on April 13, 2012 at 1:05pm

      Or Selfish and Greedy like the 1% they rail against?

      Report Post » Beckofile  
  • SpankDaMonkey
    Posted on April 13, 2012 at 12:18pm

    .
    Are there any good Democrats? Or do they all Suck like Obama?……….

    Report Post » SpankDaMonkey  
  • huey6367
    Posted on April 13, 2012 at 12:12pm

    I assumed he would have a bunch of write offs and deductions so he wouldn’t have to pay a lot in taxes. Good guess.

    Report Post »  
  • StraightDave
    Posted on April 13, 2012 at 12:12pm

    Come on, Barry. I’m throwing the BS flag on the 20%. I want to know what Obummer paid before he opened his big mouth.

    Report Post »  
    • blamb61
      Posted on April 15, 2012 at 3:52pm

      http://www.barackobama.com/tax-returns
      Year Income Charity % Charity
      2000 $240,505 $2,350 0.98%
      2001 $272,759 $1,470 0.54%
      2002 $259,394 $1,050 0.40%
      2003 $238,327 $3,400 1.43%
      2004 $207,647 $2,500 1.20%
      2005 $1,655,106 $77,315 4.67%
      2006 $983,826 $60,307 6.13%
      2007 $4,139,965 $240,370 5.81%
      2008 $2,656,902 $172,050 6.48%
      2009 $5,505,409 $329,100 5.98%
      2010 $1,728,096 $245,075 14.18%
      2011 $789,674 $172,130 21.80%

      Report Post »  
    • blamb61
      Posted on April 15, 2012 at 4:04pm

      http://www.barackobama.com/tax-returns
      Year Income Charity % Charity
      2000 $240,505 $2,350 0.98%
      2001 $272,759 $1,470 0.54%
      2002 $259,394 $1,050 0.40%
      2003 $238,327 $3,400 1.43%
      2004 $207,647 $2,500 1.20%
      2005 $1,655,106 $77,315 4.67%
      2006 $983,826 $60,307 6.13%
      2007 $4,139,965 $240,370 5.81%
      2008 $2,656,902 $172,050 6.48%
      2009 $5,505,409 $329,100 5.98%
      2010 $1,728,096 $245,075 14.18%
      2011 $789,674 $172,130 21.80%

      Report Post »  
    • blamb61
      Posted on April 15, 2012 at 4:07pm

      Obama gave substantially only the last two years!

      If Romney were to make his taxes public, It would show that he paid less in taxes because a lot of it was capital gains, but it would also show sustained consitant charitable giving, unlike Obama and Biden.

      Report Post »  
  • love the kids
    Posted on April 13, 2012 at 12:07pm

    Something isn’t being considered here. If I meet certian goals at work, i was able to qualify for a gift card at a grocery store, but the problem with that is that it was considered income and had to be taxed. Well, why aren’t the Obamas being taxed on vacations in the tune of over 20 million dollars. Shouldn’t those things be taxed as income???

    Report Post »  
    • abbygirl1994
      Posted on April 13, 2012 at 12:51pm

      Not when it is us footing the bill! Maybe we can use it on our taxes???

      Report Post » abbygirl1994  
    • snufy
      Posted on April 15, 2012 at 1:08pm

      Yea, but he says he works hard, so he thinks he deserves it, much unlike other working people in this country that can’t afford to take a vacation in a car, much less a Boeing 747. Besides, his ‘Aunt Ester’ wife became proud of this country only after she became queen. She must reward herself. They’re still living in public housing at 1600 Pennsylvania Ave.

      Report Post » snufy  
  • flsnipe
    Posted on April 13, 2012 at 12:07pm

    Anyone surprised?

    Report Post » flsnipe  
  • jdog777
    Posted on April 13, 2012 at 12:06pm

    Mr President… YOU STILL PAY TOO MUCH IN TAXES.

    Report Post »  
    • Togger
      Posted on April 13, 2012 at 1:15pm

      With all this talk about the Buffett rule and ‘fairness’ Why doesn‘t some prominent Republican state the obvious ’You are right,it is not fair that Warren’s secretary pays a higher tax rate, LETS LOWER HER RATE TO 15%!’ In the interest of fairness of course.

      Report Post » Togger  
  • encinom
    Posted on April 13, 2012 at 12:06pm

    So is the Blaze advocating making the buffet rule apply to those that make over $500K? Or is this Becky’s ham fisted approach to smoke and mirrors. Knowing that CEO and other corporate executives are making 7 figures and more, only to have most of their income and salary in the form of stock options to avoid paying their fair share. Or they follow Romeny’s lead and have multiple off shore accounts. The GOP is running man for the highest office that is a tax cheat, that has funneled his income he receives destroying American factories and shipping American jobs overseas to off shore tax havens to avoid paying his fair share of the taxes. Too top it all off he is looking to give himself and his country club friends additional tax breaks while cutting benefits to the middle class.

    Report Post »  
    • Mark0331
      Posted on April 13, 2012 at 12:19pm

      There you are, I knew you would show up after getting kicked out of that mall In Utah…you do know that you speak ‘drivel’, don’t you?

      Report Post » Mark0331  
    • hillbillyinny
      Posted on April 13, 2012 at 12:31pm

      @ enicom

      You‘re really jealous aren’t you!

      Report Post »  
    • seeker9
      Posted on April 13, 2012 at 12:32pm

      Leave it to libs. Even if it is legal, it has to be cheating. Is it cheating when Sharpton, Buffet, Rangel, Geithner, etc, etc. do the same thing or worse?

      Report Post » seeker9  
    • 70mach
      Posted on April 13, 2012 at 12:35pm

      Fair share ? How much did you pay in Federal taxes last yr ? When you have someone coming into your house and stealing your money so they can give it to the guy down the street that doesnt want to work,Then you can talk sh&t about people trying to keep what they earn! Vote for the Dumbass in chief again and see how many people their will be providing jobs in this country!! they wont only have their money in off shore accounts they”ll all live ther too!!

      Report Post »  
    • Mandors
      Posted on April 13, 2012 at 1:18pm

      Troll!

      Report Post » Mandors  
    • seeker9
      Posted on April 13, 2012 at 8:06pm

      You read the latest? BHO and MO “cheat” on their taxes. BHO pays a lower percentage in taxes than his secretary! You would think they would be willing to pay their “fair” share. He could afford to send his kids to college, but arranges it so the taxpayer subsidizes their education. What a hypocrit!

      Report Post » seeker9  
    • kaydeebeau
      Posted on April 14, 2012 at 12:12am

      It is ENCINOMORON,,,, get the name right

      Report Post » kaydeebeau  
    • joesalvati
      Posted on April 15, 2012 at 10:48am

      CEO’s are paid in stock because the majority shareholders want the compensation for executives to be in line with what their ultimate objectives are – to increase the stock price and increase shareholder value.
      That’s why people buy stock. To see it increase in value. Executives are put in place to make sure stock prices rise and in turn drive demand for their stock. If a CEO’s compensation is directly tied to the stock price – his actions and decisions will be guided along increasing the stock price for everyone.
      They aren’t paid like that to avoid paying taxes – anymore than you contribute to your 401k so you can rip off the Government.

      Report Post »  
  • MiCurmudgeon
    Posted on April 13, 2012 at 12:05pm

    What was the line from the book ANIMAL FARM? “All animals are equal except for pigs” comes to mind.

    Report Post »  
  • Snowleopard {gallery of cat folks}
    Posted on April 13, 2012 at 12:01pm

    Honestly – we know Obama and Biden are nothing but hypocrits across the board; this is just one more proof of that.

    Report Post » Snowleopard {gallery of cat folks}  
  • RightUnite
    Posted on April 13, 2012 at 11:59am

    Holy Crap!! Buffet’s Secretary pays more taxes than Obama??? Wow!!

    Report Post »  
    • GeorgieJo
      Posted on April 13, 2012 at 12:25pm

      Buffets secretary has probably a zillion shares of BerkshireHathaway—-You know the train company that has a monopoly in North Dakota….and WHY are we basing our tax code on HER???
      Obummer knows where his bread is buttered.
      OMG 2012

      Report Post »  
  • BurntHills
    Posted on April 13, 2012 at 11:57am

    wonder how long and if ever history & Time will reveal how much money obama embezzled out of those TRILLIONS he stole from the American people. no doubts among this 100% American veterans family that obama has bought himself some pretty sweet safe houses overseas in every single commie and muslim country he’s bowed to.

    Report Post » BurntHills  
  • g56
    Posted on April 13, 2012 at 11:57am

    The big question is what charities the Obama’s donated to? In previous years the Obama’s donated substantial amounts of money to the radical Church in Chicago formerly headed by the racist Rev Wright, this would be the equivalent of another President donating substantial sums to the KKK.

    Report Post »  
  • Eric_The_Red_State
    Posted on April 13, 2012 at 11:56am

    This will scare the bejebus out of you…

    http://www.glennbeck.com/2012/04/12/farrakhan-exposed-glenn-beck-and-erick-stakelbeck-discuss-nation-of-islam-progressive-ties-to-farrakhan/

    Report Post » Eric_The_Red_State  
    • Gonzo
      Posted on April 13, 2012 at 12:12pm

      I can’t look. If I lose any more bejebus I’ll need a transfusion.

      Report Post » Gonzo  
  • mholley67
    Posted on April 13, 2012 at 11:55am

    Does this surprise anyone?

    Report Post »  
    • Snidely
      Posted on April 14, 2012 at 12:42am

      Biden doesn’t surprise me. Typical selfish liberal. But BHO surprised me with his charitable giving. Never thought I’d say this, but, well done Mr. President. (I’m still not voting for him, though.)

      Report Post » Snidely  
    • blamb61
      Posted on April 15, 2012 at 5:01pm

      http://www.barackobama.com/tax-returns
      Year Income Charity % Charity
      2000 $240,505 $2,350 0.98%
      2001 $272,759 $1,470 0.54%
      2002 $259,394 $1,050 0.40%
      2003 $238,327 $3,400 1.43%
      2004 $207,647 $2,500 1.20%
      2005 $1,655,106 $77,315 4.67%
      2006 $983,826 $60,307 6.13%
      2007 $4,139,965 $240,370 5.81%
      2008 $2,656,902 $172,050 6.48%
      2009 $5,505,409 $329,100 5.98%
      2010 $1,728,096 $245,075 14.18%
      2011 $789,674 $172,130 21.80%

      Obama has only given significantly the last two years! Look at 2000-2004. Pretty pathetic! He only started donating more than 2% in 2005 after his book royalties started coming in (books he didn’t write from what I understand). Ony the last two years has he done much and probably because he knew he could be going up against Romney.

      I would love for Romney to release his taxes for a long time. It would show he made a lot of money but would also show he has donated a lot to charity! We do need discussions in this country to make the tax laws fairer (get rid of a lot of decuctions for the rich and flatten and lower the rate for them, have the lower income ones that don’t pay at all pay something so they have skin in the game).

      Report Post »  
  • CatB
    Posted on April 13, 2012 at 11:55am

    Yes and Buffett claims to only pay his secretary around $60,000 per year (cheap B-tard if that is true) and he OWES 1 BILLION in back taxes!

    OMG 2012!

    Report Post »  
    • Clive
      Posted on April 13, 2012 at 12:54pm

      whats public approval on the buffett rule, 75%? most people want millionaires to chip in a little more, even conservatives.

      Report Post »  
    • Zeus In A Speedo
      Posted on April 13, 2012 at 3:10pm

      Clive = Troll

      obama’s effective tax rate is 18.5% for 2011 and 23% for 2010. obama is a HYPOCRITE!

      Report Post » Zeus In A Speedo  
  • Mark0331
    Posted on April 13, 2012 at 11:53am

    Do as I say, not as I do…the typical reasoning of a narcissistic man child. No character, no honor.

    Report Post » Mark0331  
  • oldguy49
    Posted on April 13, 2012 at 11:49am

    he will give himself a waver if he makes more than a million anyway…………….as well as all his friends that are wealthy……………..STOP the war on success

    Report Post »  
  • Gonzo
    Posted on April 13, 2012 at 11:49am

    So, Obama gave 22%? I guess donations to the American Communist Party are deductible.

    Report Post » Gonzo  
  • Riffraffman36
    Posted on April 13, 2012 at 11:49am

    Do as I say not as I do unreal people wake up

    Report Post »  
  • jujubeebee
    Posted on April 13, 2012 at 11:49am

    Gee, I’d like a list of those charities Obama contributed to …..just to see exactly where it went. Were they legitimate charities or organizations that have political ties to him? Were they “green” or “acorn” ?

    Report Post »  
    • CatB
      Posted on April 13, 2012 at 11:55am

      LOL .. left to be sure .. and remember it IS an election year!

      Report Post »  
    • Gonzo
      Posted on April 13, 2012 at 11:56am

      I would like to see them as well. How many had a Soros connection?

      Report Post » Gonzo  
    • Snowleopard {gallery of cat folks}
      Posted on April 13, 2012 at 12:02pm

      @Gonze – good point.

      I would like to know as well how much Obama has mandated his supporters and cronies to give to these activist and radical bands.

      Report Post » Snowleopard {gallery of cat folks}  
    • kickthecan
      Posted on April 13, 2012 at 12:16pm

      Gonzo, Click the White House link above and view the Obama’s tax returns. Pg’s 25-26 show deductions for charity. $117,000.00 to The Fisher House.

      Report Post »  
    • spirited
      Posted on April 13, 2012 at 1:00pm

      The Charities are listed at the link provided in article (several pages into filing).

      These are the largest amounts (some additional $1,000.oo not listed here)
      Fisher House: $117,130.oo
      Sidewell Friends School: $5,000.oo
      United ***** College: $5,000.oo
      Mujeres Latinas En Accion: $1,000.oo
      Life Pieces to Masterpiece: $1,000.oo
      The Harmony Project: $1,000.oo
      ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
      Not that this is really questionable…, but
      On Form 1116: Alternative Minimum Tax – Foreign Tax Credit
      Part 1, g. (Enter the name of the foriegn country shown above & of the type checked)
      In A: –> “OTHER COUNTRIES” is written –>not a specific country (???)
      the amount: $269,710.oo

      Report Post » spirited  
    • Zeus In A Speedo
      Posted on April 13, 2012 at 3:19pm

      these are the charities listed on Stmt. 3 of his return, but c’mon, is someone from the IRS going to audit him. He could have put that he gave money to Mickey Mouse, Superman, or even the Republican party and no one would question it.

      He probably actually donated money to CAIR, the muslim brotherhood, and his favorite mosque in DC.

      Report Post » Zeus In A Speedo  
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