Thursday, April 16, 2009

Baby, You're A Rich Man

We heard so much during the 2008 campaign how rich John and Cindy McCain were, but do you remember any reporting by the left-wing media about those other multi-millionaires, Barack and Michelle Obama?

The "man of the people," the community organizer who grew up on the streets of Chicago, and his wife earned $2.7 million last year, according to federal tax returns released by the White House on April 15.

That's a little better than minimum wage, isn't it?

Financially speaking, 2008 was a bad year for the Obama household. The previous year, the Obamas reported income of $4.2 million.

The median household income in the U.S. is $50,000. The Obamas are just like you and me.

The good news is that the Obamas did pay their federal income taxes to the tune of $855,323, or 32 percent of their income. That's more than you can say about half the tax-chearing Obama cabinet, including the guy who runs the IRS.

Vice President Joe Biden and his wife, Jill, earned $269,256 last year, according to their tax returns. That might qualify them for federal assistance by Washington, D.C., standards.

Originally posted at TONY PHYRILLAS