Posted by: arnegrim | September 20, 2011

Obamas class warfare

“President Barack Obama makes it sound as if there are millionaires all over America paying taxes at lower rates than their secretaries.

“Middle-class families shouldn’t pay higher taxes than millionaires and billionaires,” Obama said Monday. “That’s pretty straightforward. It’s hard to argue against that.”

The data tell a different story.”

http://news.yahoo.com/fact-check-rich-taxed-less-secretaries-070642868.html

“On average, however, the wealthiest people in America pay a lot more in taxes than the middle class or the poor, according to the non-partisan Tax Policy Center. This year, households making more than $1 million will pay, on average, 29.1 percent of their income in federal taxes. A household making between $50,000 and $75,000 will pay 15 percent of its income in federal taxes, which includes income taxes and Social Security payroll taxes.”

http://hosted.ap.org/dynamic/stories/U/US_OBAMA_DEFICITS?SITE=NCKIN&SECTION=HOME&TEMPLATE=DEFAULT

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