Tuesday, April 29, 2014
Dorothy A. Brown (Emory), Lessons From Barack and Michelle Obama’s Tax Returns, 142 Tax Notes 1109 (Mar. 10, 2014) (Symposium on Tax Reform in a Time of Crisis):
President and Mrs. Obama have made their tax returns publicly available going back to tax year 2000. While every year with the release of a new tax return, analysis turns to a particular year’s tax return, this study analyzes their tax returns for the years 2000-2004. The study shows that when you compare the Obamas’ tax return data with published Internal Revenue Service statistics, that for every year but one, the Obamas’ paid higher taxes than their financial peers – perhaps one more piece of evidence that we are not post-racial yet.