Skip to main content

View Diary: Scarborough, Burnett attack Obama over 'low' tax return (108 comments)

Comment Preferences

  •  And he did in fact pay self-employment taxes. (2+ / 0-)
    Recommended by:
    helpImdrowning, rainmanjr

    $6930 is listed as the amount. That's because of both the cap on income subject to the tax (just like regular SS and Medicare taxes) and the fact that not all his income came from self-employment (we are paying him a salary to work for us at the moment too, after all.) so while it's quite a bit less than 12% of his income (1.15%, actually) he does indeed pay this tax.

    Strategy without tactics is the slowest route to victory, tactics without strategy is the noise before defeat. Sun Tzu The Art of War

    by Stwriley on Mon Apr 15, 2013 at 07:34:55 PM PDT

    [ Parent ]

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site