Q & A - Taxes on President

Date: Saturday 04th 2009f July 2009 07:19:23 AM

Q & A - Taxes on President - 05/05/2008

By: Hari Wibowo

Name: Used Cars

Website: http://cars.ozfreeonline.com

Date posted: Mon, May 05, 2008

Question: How much tax does the president pay in a certain country?

Answer:

A very hard question to answer but we will do our best nevertheless. George W Bush, the current US president, pays $ 221,635 in federal income taxes for 2007. Assuming a 30% rate tax rate, here is the salary of several countries leaders and the taxes they pay:

Country	Name	Salary (USD)	Tax (USD)
Singapore	Lee Hsien Loong	2,856,930	857,079
British	Gordon Brown	400,000	120,000
German	Angela Merkel	350,000	105,000
France	Nicolas Sarkozy	350,000	105,000
Canada	Stephen Harper	300,000	90,000

Hari - Novice Investing

END

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Disclaimer: The sole purpose of this article is educational. This article is merely the opinion of the writer and is not in any way a buy/sell recommendation regarding any securities.

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