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%

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