"@BarackObama who wants to raise all our taxes, only pays 20.5% on $790k salary. Do as I say, not as I do" - Donald J. Trump attacking Obama for wanting to raise taxes.
Obama paid just 18% tax and got $22k refund as IRS deadline looms
17 Apr, 2016
Their “Form 1040” shows they paid $81,472 in federal taxes for the year, entitling them to a refund of $22,859 and an effective tax rate of just 18.8 percent. This is down from 19.6 percent in 2014.
https://www.rt.com/usa/339982-obama-return-tax-deadline/
Obama TAX INCREASES just to support Obamacare
1. A 156 percent increase in the federal excise tax on tobacco:
2. Obamacare Individual Mandate Excise Tax
3. Obamacare Employer Mandate Tax
4. Obamacare Surtax on Investment Income
Other unearned income includes (for surtax purposes) gross income from interest, annuities, royalties, net rents, and passive income in partnerships and Subchapter-S corporations. It does not include municipal bond interest or life insurance proceeds, since those do not add to gross income. It does not include active trade or business income, fair market value sales of ownership in pass-through entities, or distributions from retirement plans. The 3.8% surtax does not apply to non-resident aliens.
5. Obamacare Excise Tax on Comprehensive Health Insurance Plans
6. Obamacare Hike in Medicare Payroll Tax (Tax hike of $86.8 bil/
7. Obamacare Medicine Cabinet Tax
8. Obamacare HSA Withdrawal Tax Hike
9. Obamacare Flexible Spending Account Cap
10. Obamacare Tax on Medical Device Manufacturers
11. Obamacare "Haircut" for Medical Itemized Deduction from 7.5% to 10% of AGI
12. Obamacare Tax on Indoor Tanning Services
13. Obamacare elimination of tax deduction for employer-provided retirement Rx drug coverage in coordination with Medicare Part D
14. Obamacare Blue Cross/Blue Shield Tax Hike
15. Obamacare Excise Tax on Charitable Hospitals
16. Obamacare Tax on Innovator Drug Companies
17. Obamacare Tax on Health Insurers
18. Obamacare $500,000 Annual Executive Compensation Limit for Health Insurance Executives
19. Obamacare Employer Reporting of Insurance on W-2
20. Obamacare “Black liquor” tax hike
21. Obamacare Codification of the “economic substance doctrine”
Read more:
http://www.atr.org/full-list-ACA-tax-hikes-a6996#ixzz4Lxuk3Wvw