Thanks, Obama, for Paying Taxes - Diverse Military


Higher Education News and Jobs

Thanks, Obama, for Paying Taxes



by Brett Arends

So much has already been said about Barack Obama’s speaking fees.

So much — except for the one thing that should actually matter.

Barack and Michelle Obama are residents of Washington, D.C., which means they are subject to District of Columbia income taxes. Those top out at 8.95%.

They will, of course, also be subject to the far heavier federal tax rate, which tops out at 39.6%.

Read More