No wonder Obama doesn't trust those Wall Street types and doesn't seem to care about investors (ie all Americans with 401Ks) judging by his 2008 tax returns.
Their tax returns showed growing investment income. After reporting zero dividends in 2007 they reported $34,549 for 2008, of which $7,991 qualified for the preferred 15 percent rate Obama has proposed increasing that rate to 20 percent in 2011. The Obamas also reported $1,107 in short-term capital gains for 2008 after carrying forward $3,000 in losses in 2007.
Yup the most powerful man in the world had a $1107 capital gain on nearly $2.73 million in total income. For some reason I was expecting this number to at least beat my capital gain for 2008 since he is said to be quite an intelligent guy. I guess Obama was spending a little too much time on those Profit and Earnings Ratios to be making any money in the market.
No comments:
Post a Comment