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If Obama Wants to “Spread the Wealth,” He Ought to Start With His Personal Tax Gap

If Obama Wants to “Spread the Wealth,” He Ought to Start With His Personal Tax Gap
Barack Obama Has a Tax Gap of Over $250,000

WASHINGTON, DC—Americans for Tax Reform today challenged Senator Barack Obama (D-Ill.) to put his money where his mouth is and pay up on his “tax gap.”  Specifically, if Obama’s tax-increase policies had been in place since 2001, he would have paid $250,727.70 in additional income taxes.  This does not even count the additional Social Security payroll taxes he would have had to pay under his tax-increase plan, nor any interest or penalties.

“Obama talks a lot about “spreading the wealth” and “redistributing income,” said ATR President Grover Norquist.  “Maybe he ought to start by “making a sacrifice” to the federal Treasury as part of his “patriotic duty.”  We’ve even included a check for him.”

The Obama Tax Gap

 

Tax Gap

2001

$420

2002

$585

2003

$910

2004

$0

2005

$60,257

2006

$27,002

2007

$161,555

Total Tax Gap

$250,727

*Assumes that the 33% and 35% tax brackets were in fact 36% and 39.6%

Americans for Tax Reform

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