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


Just 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] 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.

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