Thanks, Obama — How his $400,000 speaking fee actually helps America

“They will, of course, also be subject to the far heavier federal tax rate, which tops out at 39.6%” writes Brett Arends for Or on left-wingers complaining that someone who pays the top rate of income tax has gone out and earned lots of money.Barack and Michelle Obama are residents of Washington, D.C., which means they are subject to the District’s income taxes.

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