Bernie Sanders wants to redistribute your money, but only donated 4% of AGI to charity in 2014

Cheapskate...

Via CNN:

Bernie and Jane Sanders earned nearly $206,000 in 2014 and paid about $28,000 in federal taxes, according to a tax return released by his campaign Friday night.
The return also shows that the couple earned nearly $46,000 in Social Security benefits.
Together, their total unadjusted gross earnings was $205,617. Most of the earnings came from Sanders’ $174,000 Senate salary, though Jane Sanders reported collecting $4,900 as a commissioner with the Texas Low Level Radioactive Waste Disposal Compact Commission.
The couple also reported donating $8,350 in gifts, though the seven-page return did not provide further detail.

Paying the bills: Hillary and Bill have made over 25 million combined in speaking fees since January 2014

Most of the people paying those high speaking fees want something in return....

Via Fox News:

Hillary Rodham Clinton and former President Bill Clinton reported Friday they earned more than $25 million combined in speaking fees since January 2014.
Clinton’s presidential campaign reported the income in a personal financial disclosure report filed with the Federal Election Commission. The report, required of every candidate for the White House, also shows Hillary Clinton earned more than $5 million from her 2014 memoirs, “Hard Choices.”
The details of the report were described by a Clinton campaign official who spoke on condition of anonymity in order to discuss a report not yet publicly available from the FEC. The report was expected to be released publicly later Friday.
Keep on reading…

Obamanomics hits Obama: 1st Family AGI declines $181,000...

Unfortunately, Obama still has a job. That is more than many Americans can say...

WASHINGTON—President Barack Obama and First Lady Michelle Obama paid $112,214 in federal income taxes in 2012 on adjusted gross income of $608,611, an effective rate of 18.4%, the White House said Friday.

The first family's income declined from the $789,674 in adjusted gross income they reported in 2011. That year they paid total federal taxes of $162,074, an effective rate of 20.5%. Their 2012 income continues a steep decline from 2010 when they reported $1.7 million in adjusted gross income, the bulk of which was royalties from sales from books written by Mr. Obama. Keep on reading...

Poll: Democrats like federal income tax system, Republicans and independents do not...

Democrats like the federal income tax system because many of them get a free check at income tax time while the rest of us are paying in...

Via WaPo:

A clear majority of Americans have an unfavorable view of the federal income tax system, according to new Washington Post-ABC News polling. But, in a somewhat remarkable finding, a majority of Democrats view the tax system in a positive light while Republicans and Independents carry the exact opposite view.

Fifty-three percent of self-identified Democrats in the Post-ABC survey view the income tax system favorably while 43 percent see it unfavorably. That’s a stark contrast to the 66 percent of Republicans and 62 percent of independents who have an unfavorable opinion of the tax system.

What explains that massive disparity between Democrats and Republicans/Independents when it comes to the tax system?

Part of the answer may well be that Democrats are broadly supportive of the idea that government can and should collect taxes in order to provide services for the American public while Republicans and independents are more skeptical about giving money to the federal government to spend.

Another part may be that the tax question winds up being read by partisans as a broader test of their feelings about the federal government. Democrats, with President Obama in the White House, are more likely to feel favorably (or at least express a favorable opinion) about the government. Republicans are not.

Keep on reading…

Change: Median net worth of American households has dropped to a 43-year low

Obama's plan to destroy America advances...

WASHINGTON (CBS DC) – The median net worth of American households has dropped to a 43-year low as the lower and middle classes appear poorer and less stable than they have been since 1969.

According to a recent study by New York University economics professor Edward N. Wolff, median net worth is at the decades-low figure of $57,000 (in 2010 dollars). And as the numbers in his study reflect, the situation only appears worse when all the statistics are taken as a whole.

According to Wolff, between 1983 and 2010, the percentage of households with less than $10,000 in assets (using constant 1995 dollars) rose from 29.7 percent to 37.1 percent. The “less than $10,000″ figure includes the numerous households that have no assets at all, or “negative assets,” which is otherwise known as “debt.”

Over that same period of time, the wealthiest 1 percent of American households increased their average wealth by 71 percent.

Confirmed: Obama Recovery Worse Than Bush Recession...

Median household income has declined 5% during the Obama recovery. How is that working out for you?

Forbes reported:

New income data from the Census Bureau reveal what a great job Barack Obama has done for the middle class as President. During his entire tenure in the oval office, median household income has declined by 7.3%.

In January, 2009, the month he entered office, median household income was $54,983. By June, 2012, it had spiraled down to $50,964. That’s a loss of $4,019 per family, the equivalent of losing a little less than one month’s income a year, every year. And on our current course that is only going to get worse not better…

…Three years into the Obama recovery, median family income had declined nearly 5% by June, 2012 as compared to June, 2009. That is nearly twice the decline of 2.6% that occurred during the recession from December, 2007 until June, 2009. As the Wall Street Journal summarized in its August 25-26 weekend edition, “For household income, in other words, the Obama recovery has been worse than the Bush recession.”

Average individual now has $1,315 less in disposable income than 3 years ago

Thanks President Obama.

(CNBC) — Think life is not as good as it used to be, at least in terms of your wallet? You’d be right about that. The standard of living for Americans has fallen longer and more steeply over the past three years than at any time since the US government began recording it five decades ago.
Bottom line: The average individual now has $1,315 less in disposable income than he or she did three years ago at the onset of the Great Recession – even though the recession ended, technically speaking, in mid-2009. That means less money to spend at the spa or the movies, less for vacations, new carpeting for the house, or dinner at a restaurant....

What has led to the most dramatic drop in the US standard of living since at least 1960? One factor is stagnant incomes: Real median income is down 9.8 percent since the start of the recession through this June, according to Sentier Research in Annapolis, Md., citing census bureau data. Another is falling net worth – think about the value of your home and, if you have one, your retirement portfolio. A third is rising consumer prices, with inflation eroding people’s buying power by 3.25 percent since mid-2008.

Obama Has a High Approval Among Those Who Pay Little or No Federal Income Taxes

A Gallop poll has found President Obama's approval at 46%, but the breakdown is very interesting. The only income group that that Obama scores over 50% with is those making $24,000 a year or less. In other words, the only Americans who support Obama at a rate of over 50% are those who pay the least in taxes.

CNS News reported:

The middle class is abandoning President Barack Obama, according to data released by the Gallup Poll. The only income bracket among which a majority still says they approve of the job he is doing as president are those earning $2,000 per month or less.

During the week of June 7-13, only 46 percent of Americans overall told Gallup they approved of the job Obama is doing...

But when the president’s approval is separated by incomes groups, it is only the lowest income bracket recorded by Gallup—those who earn less than $2,000 per month—that gives Obama a majority approval rating, with 52 percent saying they approved of the job he is doing as president.

Obama Shrinks Americans Wallets By 3.2 percent Since Taking Office

If you feel like you have less money since Barack Obama was elected, you may be right. Real personal income, excluding government payouts, has declined by 3.2 percent since President Obama took office almost 15 long months ago.

From the Washington Times:

Real personal income for Americans – excluding government payouts such as Social Security – has fallen by 3.2 percent since President Obama took office in January 2009, according to the Commerce Department’s Bureau of Economic Analysis.