Charitable donations are used to reduce tax payable by lowering the tax band that a tax payer falls into. The charitable donations are used to offset taxable incomes thus reducing them. As part of the changes to the tax code, there are proposals to reduce the amount of taxes that can be offset against taxable income and for taxpayers earning more than $250000, the proposal is to limit tax allowable charitable donations to $50000. Interest paid on mortgages is also deductible for tax purposes. The new tax code proposes to place a $20000 cap on tax deductible mortgage interest.

The effects on Barrack Obama’s tax of the changes to the tax code would be an increase in taxable income and ultimately and increase in tax payable. Obama’s charitable contributions are $172130. A $50000 cap would increase the tax base by $122130 check here. The effect of the new tax code would be to increase the federal tax liability of Barrack Obama.

President Obama’s life tells the American story. He was elected to become the 44th President of the United States of America. This is the highest position that any individual can attain on earth because America is considered to be the greatest nation on earth. His values hail from the heartland as he was brought up in a strong middle-class family.

His education and hard work has opened a great number of doors for him as these are the elements that have seen him rise to become the president of the US. Although his birth father was from Kenya, and his mother from Kansas, Barack Obama was born in Hawaii. This was in the year 1961. Since then, he is married to his wife Michelle with whom they have two children called Malia and Sasha.

President Obama’s reputation in public life is based on his firm belief in the capability to unite the citizens of America towards politics meant for a purpose. While he was the Senator of the state of Illinois, he was do my paper responsible for the passing of the first major reform of ethics in over two decades. He was able to cut taxes for working families, as well as the expansion of healthcare for children and their parents.

He entered office with a net worth of roughly 200K and the family now approaches a combined net worth of 1 billion. His auntie that attended his birthing in KENYA was killed within a week of sharing this information. Your idol is pulling the strings of the current occupant of the Whitehouse and will not go away like prior presidents.
Basically you (OP) are an idiot too dumb to see the truth in anything.

libtards love pedophiles...especially eloquent debonaire pedophiles....if they are half cracker half african slavemaster they like em even more....

when bath house barry obama killed Gaddaffi thats when eye gave up on him and his bullshit

OP Fuck Obama. Until Biden came along, he was the worst president ever. And Michael has a bigger penis than he does