Obama's secretary pays higher tax rate than he does

As part of President Barack Obama's push for bringing in the tax raising ‘Buffett Rule’ he has been quick to point out that billionaire investor Warren Buffett pays a lower tax rate than his secretary.

However tax returns released by the White House yesterday reveal that the President himself also pays a lower rate of tax than his secretary.

Obama and his wife Michelle reported income of $789,674 last year, on which they paid $162,074 in tax – a rate of 20.5% whereas Obama’s secretary Anita Decker Breckenridge, makes $95,000 a year on which she pays a higher tax rate. Read More