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What percent of income does Obama pay in income taxes?
90%
What percent of taxes did Barack Obama pay?
Barack Obama released his tax returns during his time in office which showed that he paid an average effective federal tax rate of around 19.5% during his presidency. However, it's important to note that tax rates can vary from year to year, so the exact percentage may have fluctuated.
What does Barack Obama think about income taxes?
the rich people should pay more taxes.
Does Barack Obama pay taxes?
yes, he does. He releases his tax returns to the public.
Does obama support increasing taxes on S corporations?
This is a double sided question. The direct answer is that Obama will not raise taxes on S-Corporations. S-Corporations rarely pay taxes. Their profits flow through a schedule K-1 to the owners individual income tax return.If Obama raises personal income taxes, which he probably will, then yes you will pay more.The biggest issue with Obama and S-Corporations is the fact that Obama wants the profits from an S-Corporation to be subject to Social security Taxes. Under present law, an owner of an S-Corporation can take distributions of profits and not pay social security taxes. The only tax you pay on S-Corp profits is federal income taxes. If he does pass this change then owners of S-Corps will pay upwards of 15.3% of their profits for Social Security Taxes. Thus eliminating the need to form an S-Corp.
Did Obama give up his pay for 2011?
No. How would he pay for his sixteen vacations?
What percentage will you have to pay?
If I recieced 27,547.40 in disability in 2011 what will I have to pay next years taxes for 2011?
What is the percentage of Americans that dot pay taxes?
the percent is 35%
What percent of taxes is taken out of pay check in Texas?
5.76%
Does President Obama have to pay taxes?
Absolutely. All people do, even presidents. And Mr. Obama has released his tax returns to the public, so you can see that he does pay his fair share.
How many people pay income taxes in California?
35 percent
How much do i owe in taxes if i made 20000 for the year?
The amount of taxes you will owe if you made $20,000 will depend on your deductions. On average, expect to pay about 20 percent of your pay in federal taxes.
