I thought that millionaires were supposed to pay more in taxes?  Barack Obama's tax returns are public information and inquiring eyes have noticed two things:  His effective tax rate is lower than the 30% he proposes and he's also getting a very large tax refund!

That’s right, the Internal Revenue Service owes Barack and Michelle Obama a whopping $24,515.

Income tax rates have been turned into a campaign issue, with the Obama administration calling for higher tax rates - especially for those earning over $1 million.

 

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