In case you have any interest, click here and you can see President Obama’s 2013 tax return.
One thing I found interesting; his reported W-2 income was $394,796 while the Presidents salary is $400,000. Was he not actually paid for a couple of days, unpaid vacation day perhaps? LOL
What I found depressing though was the fact his effective federal tax rate was 20.4% 😊 Yowza❗️That’s less than my effective tax rate and he made more money. 😡
Those damn one percenters‼️
QUINNSCOMMENTARY 
If questioned on his salary, he will more than likely tell you it was those damn Republicans and their sequestration program that caused him to lose salary. Don’t worry he will get that back!!
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Dick… your effective rate problem can easily be solved.
POTUS mortgage interest = 8.81% of AGI
Real Estate tax = 6.06% of AGI
Local income tax = 4.65% of AGI
Charities = 12.32 % of AGI (bigger than a Mormon tithe)
Conclusion-If your effective rate is higher than POTUS, you need to buy a Mc Mansion in a high tax state (are you still in New Jersey? ) and mortgage yourself to your eyeballs. Then, thank the congress for giving us this ridiculous, loophole laden tax code.
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Silly me, I worked to become debt free in retirement. Then when I earned some extra money I paid 15% self-employed taxes on top of regular income tax not to mention the AMT. High tax state? My property taxes on a 90 years old house on a 50×120 lot are over $14,000 a year and even that deduction didn’t help. I’m thinking I should run for office someplace.
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You forgot about the standard deduction that everyone gets.
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Not sure what that has to do with it.
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