Could Obama Get A Tax Break For His Publicity Stunt?

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President Barack Obama announced earlier in the week that he would take a 5 percent pay cut to his Presidential salary in support of Federal employees affected by sequestration cuts.

“The president has decided that to share in the sacrifice being made by public servants across the federal government that are affected by the sequester, he will contribute a portion of his salary back to the Treasury,” Jay Carney, a White House spokesman, said in a statement.

But before you get too sentimental about the President’s benevolent sacrifice, remember this: At the 39.6 percent top Federal tax rate, the $20,000 that Obama will donate from his $400,000 annual salary can be deducted as a charitable donation when he files his taxes to yield the President a $7,920 tax rebate.

No word on whether Obama intends to deduct the money, but if he does it will create quite a redundant transaction: The Government pays Obama, Obama pays the government and government pays him again.

Personal Liberty

Sam Rolley

Sam Rolley began a career in journalism working for a small town newspaper while seeking a B.A. in English. After covering community news and politics, Rolley took a position at Personal Liberty Media Group where could better hone his focus on his true passions: national politics and liberty issues. In his daily columns and reports, Rolley works to help readers understand which lies are perpetuated by the mainstream media and to stay on top of issues ignored by more conventional media outlets.

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