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Over 30% of Obama’s 2009-2011 Gross Income Came From Foreign Sources?

~ The Rebel ~ 2012/07/24 05:54:44
I find it strange that the Obama campaign would be making so much of Romney’s income from foreign sources when Obama’s foreign source income appears to be a much bigger percentage of his income over the last few years. Of course, one can’t tell for sure because Mitt Romney has not released his 2009 tax return.

Yet in the three tax years in which Barack Obama has been President (2009, 2010, and 2011), fully 30.1% of the Obamas’ gross income has come from foreign sources: ($2,711,340 out of a 3-year total gross income of $8,993,449). In 2009, 26.5% of the Obamas’ gross income came from foreign sources. In 2010 it was a whopping 41.4%, and in 2010 it was 30.2%.

The salary that we taxpayers pay him as President (just under $1.2 million over the 3 years) accounted for less than 13% of the Obamas’ income, a share dwarfed by their 30% from foreign sources over the same period.

From 2009 through 2011, the Obamas paid $87,429 in foreign taxes, which they applied toward a credit to reduce their U.S. tax bill. The amounts I examined are reported on Form 1116, of which there are two filed along with their 1040 when they had both general and passive foreign income.

Read More: http://www.volokh.com/2012/07/13/over-30-of-presid...

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  • Sport_Geoff 2012/07/24 12:57:27
    Sport_Geoff
    +1
    Everything Obama and the democrats have thrown at the republicans and Romney this year has backfired.
    Sandra Fluke presented as poor and unable to afford $10.00 / month B.C. - BUSTED (Fluke flies around the country stirring up hate and vacations out of the country)

    The woman the democrats paraded before congress to testify that having to get an ID would be a hardship because she cant take 2 hours off - BUSTED (she was able to take off to go to D.C.)

    Now we have Obama, Pelosi, and Schultz babbling on about Romney's foreign accounts and income only to find out each one of them is doing the same. The message is clear....Obama has bought into his own hype and greatness believing that he is above reproach, that he can say anything he wants, and that his base is too stupid to know the difference between reality and B.S.

    For someone who is trying to get reelected in a honest election Obama seems to be doing everything he can to be counter-productive to the cause........Of course there is no low too low for Obama and nothing unthinkable in his mind he wouldnt do to keep himself in power. PDD 51 may be just around the corner when he loses in November
  • Lady Whitewolf 2012/07/24 12:37:38
    Lady Whitewolf
    Oh, so it's OK that the Koch Bros. are backing Romney?
  • HarleyCharley 2012/07/24 06:53:38
    HarleyCharley
    +1
    he's a crook...
  • TheTruth1313 2012/07/24 06:22:09
    TheTruth1313
    +1
    At this point, none of this surprises me about the dictator in chief.
  • Wolfman 2012/07/24 06:14:06
    Wolfman
    +1
    This calls for another apology tour.

    obama apology tour
  • wicked soda boy 2012/07/24 06:02:08
    wicked soda boy
    +1
    This begs the question who wants Obama to succeed and be re-elected, Americans or foreigners?

    I think we ALL KNOW THE ANSWER!!!

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