In response to:

Buffett Rule Doesn't Apply to Obama

James64 Wrote: Apr 15, 2012 11:23 AM
Maybe - since the millionaires and billionaires are loathe to voluntarily send more - it is because they NEED the "government forces me to pay" connection with the 'lower classes'. This can be more easily - and readily - resolved by eliminating the deductions and exemptions unique to their income levels. Obama's sense of "fair share" would probably be best served by something akin to a flat tax - that way, there could be no manipulation to change the rate. Implement a flat tax and see just how fast these "patriotic billionaires and millionaires" scream ABUSE! and DON'T step up.

No wonder President Obama is so keen on passing the Buffett Rule -- it wouldn't have affected his tax rate this year!

Yes, that's right: the Obamas raked in less than $1 million this year. Therefore, in a "Buffett Rule" world, they wouldn't have to pay their "fair share."

President Obama earned $789,674 in 2011, the White House announced on Friday. However, with this income, he does not even qualify for the so-called Buffett Rule that he has promoted relentlessly and the Senate will take up on Monday.

The Buffett Rule calls for those...