Please ensure Javascript is enabled for purposes of website accessibility

Obama Gives Corporate Jet Owners, Hedge Fund Managers the Business About Their Taxes

From the press conference that is still going, “I don’t think it’s real radical” to ask corporate jet owners and millionaires to pay higher taxes, Obama said. “No-one wants to see the U.S default.”

And then:

You can’t reduce debt levels without… increasing revenue in some way,” Obama said. “That revenue is coming out of folks who are doing extraordinarily well, and enjoying the lowest tax rates since before I was born. If you are a wealthy CEO or hedge fund manager in America right now, your taxes are lower than they have ever been.”

[via BI, NYT]

From the press conference that is still going, “I don’t think it’s real radical” to ask corporate jet owners and millionaires to pay higher taxes, Obama said. “No-one wants to see the U.S default.”

And then:

You can’t reduce debt levels without… increasing revenue in some way,” Obama said. “That revenue is coming out of folks who are doing extraordinarily well, and enjoying the lowest tax rates since before I was born. If you are a wealthy CEO or hedge fund manager in America right now, your taxes are lower than they have ever been.”

[via BI, NYT]

Latest Accounting Jobs--Apply Now:

Have something to add to this story? Give us a shout by email, Twitter, or text/call the tipline at 202-505-8885. As always, all tips are anonymous.

Related articles

The Accountant Shortage is So Bad Anime Waifu Girlfriends Are Taking Up Tax Prep Now

TW: TurboTax bashing Before you get all bent out of shape over an anime dating sim that asks for your Social Security number for the purposes of helping you complete your federal tax return, know two things: Steam yeeted the game you’re about to see off the platform in a mere 24 hours and Tax […]

$700,000+ Overclaim by Alliantgroup Client Shows Value of §179D Expertise

The United States Tax Court recently ruled that Edwards Engineering could only deduct $304,640 of the $1,037,237 it claimed under Section 179D for the installation of energy efficient commercial building property (EECBP) it performed at a Veterans Affairs hospital in 2013. Q: Edwards Engineering is a client of what tax consulting firm, a popular subject […]