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What if I filed my taxes using “Obama math”

by Jeffrey Simon on February 13th, 2013

In the State of the Union speech, President Obama claimed to have reduced the deficit over two trillion dollars. And here I thought the deficit had increase six trillion under his watch.

Never mind. Suppose I use this “Obama math” to file my taxes.

How do I use Obama math to figure my income? As an example, what if my income for 2011 was $75,000. And let’s say that in 2012 due to unemployment my income was $50,000. Using Obama math, that’s a loss of $25,000 for 2012!

Because I had a loss in 2012 rather than income, I do not owe any income tax!

From → Pithy Politics

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