Home  Maps  About

Home > OTChat
 

[ Read Responses | Post a New Response | Return to the Index ]
[ First in Thread | Next in Thread ]

view flat

Re: Obama may have paid less in taxes than his own secretary

Posted by Charles G on Fri Apr 13 17:47:03 2012, in response to Re: Obama may have paid less in taxes than his own secretary, posted by LuchAAA on Fri Apr 13 17:22:56 2012.

I don't know for certain, but there are must be specific tax rules for the President.

If a typical citizen were provided housing by his or her employer, the fair market rental cost of that housing (plus the associated staff costs) would be considered taxable income. This is not the case for the President.

State income is typically payable where you work, not where you live. So, an Illinois resident who does most of their work in DC would owe tax first to DC, and they would then get a credit for the tax paid to DC when they filed in Illinois. That is also not the case for the President.

Responses

Post a New Response

Your Handle:

Your Password:

E-Mail Address:

Subject:

Message:



Before posting.. think twice!


[ Return to the Message Index ]