Yep, the President who loves to trash rich people is actually one himself:
The disclosure statement lists assets and liabilities in dollar ranges, so pinpointing the president’s net worth is difficult. His assets appear to tally between $2.6 million and $9.9 million. He holds a mortgage on his Chicago home of $500,000 to $1 million.
And remember, last year the Obamas only paid an effective tax rate of 20.5%. Is President Obama going to pay extra taxes to increase his effective rate to 30%?
This is Democratic hypocrisy at its finest: the rich among the Democrats — and there are many — want everyone else to pay higher taxes, but somehow they never manage to pay those higher rates themselves (cough John Kerry’s yacht cough).
Remember this the next time Obama starts on his “tax the rich” demands.