Where Are the Tax Breaks for the Wealthy?

According to his 2007 tax return, Barack Obama made $4.2 million in 2007 and paid $1.4 million in federal income tax, a whopping 33.33% of his income.

Apparently, he didn’t benefit from the “tax breaks for the wealthy” that President Bush and Republicans are accused of enacting.

And that’s just his federal income tax. We don’t know how much he paid for property tax, sales tax, and excise taxes. Add in the 3% Illinois state income tax and Mr. Obama paid a huge portion of his income to various government agencies.

And he wants to increase taxes?

Scary.