Government

AP Fact Checks Obama: Are the Rich Really Taxed Less Than Secretaries?

AP Fact Checks Obama: Concludes Wealthy Pay More Taxes

WASHINGTON (AP) — President Barack Obama makes it sound like 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 tells a different story. On average, the wealthiest people in America pay a lot more taxes than the middle class or the poor, according to private and government data. They pay at a higher rate, and as a group, they contribute a much larger share of the overall taxes collected by the federal government.

There may be individual millionaires who pay taxes at rates lower than middle-income workers. In 2009, 1,470 households filed tax returns with incomes above $1 million yet paid no federal income tax, according to the Internal Revenue Service. That, however, was less than 1 percent of the nearly 237,000 returns with incomes above $1 million.

In his White House address Monday, Obama called on Congress to increase taxes by $1.5 trillion as part of a 10-year deficit reduction package totaling more than $3 trillion. He proposed that Congress overhaul the tax code and impose what he called the “Buffett rule,” named for billionaire investor Warren Buffett.

The rule says, “People making more than $1 million a year should not pay a smaller share of their income in taxes than middle-class families pay.” (Blaze editorial note: MoveOn.org has created an ad surrounding the Warren Buffett and “fair share” mantra as well; watch it below.)

“Warren Buffett‘s secretary shouldn’t pay a higher tax rate than Warren Buffett. There is no justification for it,” Obama said. “It is wrong that in the United States of America, a teacher or a nurse or a construction worker who earns $50,000 should pay higher tax rates than somebody pulling in $50 million.”

Buffett wrote in a recent piece for The New York Times that the tax rate he paid last year was lower than that paid by any of the other 20 people in his office.

This year, households making more than $1 million will pay an average of 29.1 percent of their income in federal taxes, including income taxes and payroll taxes, according to the Tax Policy Center, a Washington think tank.

Households making between $50,000 and $75,000 will pay 15 percent of their income in federal taxes.

Lower-income households will pay less. For example, households making between $40,000 and $50,000 will pay an average of 12.5 percent of their income in federal taxes. Households making between $20,000 and $30,000 will pay 5.7 percent.

The latest IRS data is a few years older – and it’s limited to federal income taxes – but it shows much the same thing. In 2009, taxpayers who made $1 million or more paid on average 24.4 percent of their income in federal income taxes, according to the IRS.

Those making $100,000 to $125,000 paid on average 9.9 percent in federal income taxes. Those making $50,000 to $60,000 paid an average of 6.3 percent.

Obama’s claim hinges on the fact that, for high-income families and individuals, investment income is often taxed at a lower rate than wages. The top tax rate for dividends and capital gains is 15 percent. The top marginal tax rate for wages is 35 percent, though that is reserved for taxable income above $379,150.

With tax rates that high, why do so many people pay at lower rates? Because the tax code is riddled with more than $1 trillion in deductions, exemptions and credits, and they benefit people at every income level, according to data from the nonpartisan Joint Committee on Taxation, Congress’ official scorekeeper on revenue issues.

The Tax Policy Center estimates that 46 percent of households, mostly low- and medium-income households, will pay no federal income taxes this year. Most, however, will pay other taxes, including Social Security payroll taxes.

AP Fact Checks Obama: Concludes Wealthy Pay More Taxes“People who are doing quite well and worry about low-income people not paying any taxes bemoan the fact that they get so many tax breaks that they are zeroed out,” said Roberton Williams, a senior fellow at the Tax Policy Center. “People at the bottom of the distribution say, but all of those rich guys are getting bigger tax breaks than we’re getting, which is also the case.”

Treasury Secretary Timothy Geithner was pressed at a White House briefing on the number of millionaires who pay taxes at a lower rate than middle-income families. He demurred, saying that people who make most of their money in wages pay taxes at a higher rate, while those who get most of their income from investments pay at lower rates.

“So it really depends on what is your profession, where’s the source of your income, what’s the specific circumstances you face, and the averages won’t really capture that,” Geithner said.

Comments (207)

  • poster
    Posted on September 20, 2011 at 8:02am

    I would suggest the First Lady not wear prints. Not good for the thighs.

    Report Post »  
    • Brock
      Posted on September 20, 2011 at 9:20am

      Obama–or one of his White House Advisers–must have read Wil Adams’ new e-book on Amazon, “How to Reform the Political System and save the United States”. I just finished it, and wow! Not only does he point out the problems–the way that Glenn Beck and Rush, Sean and Laura all do, but Wil Adams actually makes suggestions on how we need to go about fixing the problems. His solution to the illegal immigrant issue is perfect. It would stop the flow instantly. Good for Wil Adams. I hope he runs for some public office.

      Report Post » Brock  
    • kspatriot
      Posted on September 20, 2011 at 9:51am

      It isn‘t the print that’s the problem. IT’S THE FAT THIGHS!

      Report Post » kspatriot  
    • last straw
      Posted on September 20, 2011 at 10:15am

      Hey, but I like her huge – HUGE – bubble butt! As for those gargantuan – GARGANTUAN – thighs, well ….. mungo, MUNGO!

      Report Post »  
    • snidley-whiplash
      Posted on September 20, 2011 at 10:22am

      What is Congress waiting for………..IMPEACH the SOB

      Report Post » snidley-whiplash  
    • Ryan Beaulieu
      Posted on September 20, 2011 at 11:48am

      Facts mean nothing to our government. They like to make up stories to try and push their agenda and will lie about anything to push fear into the minds of Americans.

      Report Post »  
    • Pujols
      Posted on September 20, 2011 at 11:56am

      STOP thinking about OBAMA.

      HILLARY will ride in on the White Horse. GET REDAY . . .

       
    • cstrasburger
      Posted on September 20, 2011 at 1:38pm

      especially her thighs…….

      Report Post »  
    • MCGIRV
      Posted on September 20, 2011 at 3:22pm

      Shes is rather broad in the beam! Thar she blows!

      Report Post » MCGIRV  
    • deacon01
      Posted on September 20, 2011 at 5:06pm

      Brock, sounds like a good read… that said… Glenn’s book… “Broke” does address the problems as well as the solutions in great detail. In fact, the book is comprised of three sections… how we got here… where we are…and finally… how do we fix it.

      Report Post »  
  • loriann12
    Posted on September 20, 2011 at 8:02am

    $50,000 a year? That translates into $26 an hour. My husband only gets $15 an hour. He would kill for a job making $26 an hour. I guess it’s time to join a union .

    Report Post »  
    • MontanaRob
      Posted on September 20, 2011 at 8:46am

      Yep, join that union and he might have to kill someone. Or at least rough up a few senior citizens.

      Report Post » MontanaRob  
    • TreeTrimmerJim
      Posted on September 20, 2011 at 9:00am

      Who is stopping your husband from marketing his skills to a higher bidder?

      Report Post » TreeTrimmerJim  
    • wboehmer
      Posted on September 20, 2011 at 9:12am

      So you think your husband‘s wages should be related to whether or not he’s in a union rather than to the value of his marketable skills? Plenty of union workers are unemployed because of this kind of thinking.

      Here’s an idea – instead of joining a union or killing for a better paying job how ’bout your husband acquires A SKILL THAT’S WORTH $26/hour? What a concept!

      Report Post »  
    • mfcubed
      Posted on September 20, 2011 at 9:40am

      My husband has been laid off from his job as a mechanical designer/drafter every five years for the past fifteen since graduating from technical college. Job one was lost after “his” union was making members intentionally inefficient to “save jobs.” The end result of suggesting this is ethically wrong? No more job. Job two was lost after his locally grown company was bought out by a corporation from France that promptly improved their bottom line by cutting half the workforce. Job number three, this January, was lost after another local company, not a fly-by-night, but a well-rooted local manufacturing company, was bought out by a company from Italy. After a fruitless six month search for mechanical design work that doesn’t exist, we took the last of everything we had, bought what was needed, and started our own business. We were terrified, but it’s been four months and we have gotten the most unbelievable response. There are people out there who really do want to build things. The innovators are plenty but the microinfrastructure needed to support the smallest of new businesses is hard to find. I encourage anyone with a skill or idea to think hard about the possibilities. Who says you can’t market yourself and your skills as well as someone else? It takes time, effort, and yes, some risk, but is a traditional job any less risky these days?

      Report Post »  
    • ztkraptor
      Posted on September 20, 2011 at 9:45am

      It was a joke you morons…Jesus…both the right and left are full of moronic idiots out to put people down for comments.

      Report Post »  
    • loriann12
      Posted on September 20, 2011 at 11:19am

      Uhhmmm, the job situation is stopping him from marketing to a higher bidder. this was the best job he could find almost 6 years ago when we got to Texas. Now that he has it, it’s gold. At least his boss is working with him because he’s laid up with a broken leg.

      Report Post »  
    • azkidd
      Posted on September 20, 2011 at 11:53am

      Or rough up a few tea baggers. Now that is definitely worth being in a union for!!!

      Report Post »  
    • Dangerous Freedom
      Posted on September 20, 2011 at 1:00pm

      I got it! But I‘ve found sarcasm often goes right over people’s heads, moreso on the left, but also on the right. (That’s why Rush gets in trouble with the MSM sometimes – he “illustrates absurdity by being absurd”).

      I usually use some kind of sarcasm tag to help out, like /sarcasm or That’s a joke guys! at the end of the post, for the dullwitted…

      Report Post »  
    • mils
      Posted on September 20, 2011 at 1:55pm

      unions = down fall of nations…

      Report Post »  
  • Snowleopard {gallery of cat folks}
    Posted on September 20, 2011 at 8:01am

    So once again Geithner like Mr Obama was playing dodge ball in the comparison of Income Tax rates with Investment Income tax rates; as this would come as a real shock to anyone who does get the tactics of the administration to distort and spin everything they say to their uttermost ability and make a lie into a deeper lie on top of other lies.

    Report Post » Snowleopard {gallery of cat folks}  
    • db321
      Posted on September 20, 2011 at 9:16am

      Obama credibility is below that of a a Used Car Sales Man.

      Report Post » db321  
    • DrFrost
      Posted on September 20, 2011 at 10:22am

      @DB32

      And yet it’s still above the credibility of the congress.

      It routine for politicians to make campaign promises and not keep them. That‘s partially our fault because we don’t hold them accountable for such behavior. We have to demand far more of our politicians.

      Pick someone who made campaign promises and kept them despite the heat. My favorite candidate is Gary Johnson and one reason for that is that he tells the truth even when he knows it’s not going to be the most popular answer. That’s character. We don’t often see that in politicians. Another reason is his record as governmor of NM. He actually shrunk the state government during his time of tenure. He promised to veto any legislation that grew government and he stuck to his guns.

      Report Post »  
    • CatB
      Posted on September 20, 2011 at 11:20am

      Obama never lets the TRUTH get in the way of his DESTRUCTION OF THE COUNTRY!

      TEA!

      Report Post »  
    • azkidd
      Posted on September 20, 2011 at 11:38am

      So if I lay around by the pool trading stocks and thats my source of income, I shouldnt have to pay taxes, even though that is my livelihood?

      Report Post »  
    • justneedaname
      Posted on September 20, 2011 at 12:50pm

      azkidd, why don’t you do that? You’re so smart…

      Report Post »  
    • Protoham
      Posted on September 20, 2011 at 3:00pm

      DB321, you should be ashamed of comparing Obama to a Used Car Salesman.

      Now please Apologize to the Used Car Salesmen.

      Report Post »  
    • bare faced truth teller
      Posted on September 20, 2011 at 5:04pm

      Something else to consider is that capital gains come from investment of AFTER TAX MONEY. The money has already been taxed once, and you have to hold a position for 18 months to qualify for capital gains treatment.

      Report Post »  
    • SamSven
      Posted on September 20, 2011 at 7:33pm

      Complain if you will, about a do-nothing Republican Congress, but they have sent several bills to the Senate, just to have prince Harry throw them by the wayside.
      And how will any positive news about the Republican Congress ever reach the masses when there’s only one network giving the full news stories? That is, in my opinion, the biggest issue we are faced with in the next election. How do we get the message out?

      Report Post »  
  • Rickfromillinois
    Posted on September 20, 2011 at 7:55am

    No matter how many times you point out the facts, the liberals are going to continue with their “the rich need to pay their fair share” mantra. You cannot convince them otherwise, partly I think because they want to get the money from some besides themselves and by telling themselves that the rich are getting over they feel that they are justified in taking it from them. The truth is that if someone has more then them they must of somehow gotten it in a dishonorable fashion, and in addition they feel that somebody has to take care of them and they really don’t care how much someone else might be hurt doing it. It is class warfare and it is a case of people being willingly dependent to take care of them.

    Report Post » Rickfromillinois  
    • gwssacredcause
      Posted on September 20, 2011 at 8:22am

      Exactly right. It reminds me of a lesson I learned on the playground many years ago. If you didn’t earn it and someone did not willingly give it to you, IT DOES NOT BELONG TO YOU!

      Report Post »  
    • Bill Rowland
      Posted on September 20, 2011 at 8:43am

      Can someone show me the tax returns for Fancy Nancy (the queen of botox) Pelosi, or Hapless Harry Reid. How about Maxine Waters or Barney Frank. If they pass Obumblers bill they will almost certainly exempt themselves from paying more.
      I don’t know who came up with this: “If you voted for Obama in 2008 to prove you were not a racist, Vote against him in 2012 , to prove you are not an idiot”

      OMG – Psalm 109:8

      Report Post »  
    • what4
      Posted on September 20, 2011 at 9:32am

      Obamas peep’s only know fair things, especially WELFARE!

      Report Post »  
    • azkidd
      Posted on September 20, 2011 at 11:44am

      It really amazes me that the Social Security receiving retired poor here on the blaze so adamantly defend the Paris Hilton’s of the world right to not pay taxes. Simply mind boggling.

      Report Post »  
    • cstrasburger
      Posted on September 20, 2011 at 1:49pm

      As Forest Gump so aptly said, Stupid is as Stupid Does…..and liberals? They’re. as a rule, dumber than boxes of rocks….. Proven everyday……..

      Report Post »  
  • NEAF
    Posted on September 20, 2011 at 7:54am

    Let me see if I understood:
    $50k x 35%(which is no real percentage) = $17,500
    $1M x 15%(capital gain) = $150,000
    What am I missing? Who is paying more?

    Report Post » NEAF  
    • IIIcorp
      Posted on September 20, 2011 at 8:07am

      Remember the initial 1 million used for the investment for the capital gains earning was made with money that was already taxed. Double taxation.

      Report Post »  
    • loriann12
      Posted on September 20, 2011 at 8:10am

      Let me simplfy this for the progressive out there. We need a flat tax rate. Let’s say (hypothetically) I made $100,000 this year. I get taxed at 10%. That’s $10,000. That leaves me $90,000. I tithe, so $10,000 goes to the church, leaving me with $80,000. (wow, wouldn’t that be nice?) Warren Buffet (hypothetically) made $100,000,000. So, gets taxed at 10%. He therefore gives $10,000,000. No expemptions for either of us. Who gave more to the government?

      Report Post »  
    • cgizzy
      Posted on September 20, 2011 at 8:39am

      Lorianne, don’t be ridiculous. That plan has too much logic to work. I mean, seriously, don‘t you know that logic and reality don’t mix. ;)

      Report Post »  
    • Dismayed Veteran
      Posted on September 20, 2011 at 9:28am

      Everyone keeps talking percentage of income. It is dollars of revenue that fund the government. The wealthy folks currently pay more dollars. We don’t have a revenue problem. We have a spending problem that demands more revenue.

      Report Post » Dismayed Veteran  
    • jorge_washington
      Posted on September 20, 2011 at 2:06pm

      “Let me simplfy this for the progressive out there. We need a flat tax rate. Let’s say (hypothetically) I made $100,000 this year. I get taxed at 10%. That’s $10,000. That leaves me $90,000. I tithe, so $10,000 goes to the church, leaving me with $80,000. (wow, wouldn’t that be nice?) Warren Buffet (hypothetically) made $100,000,000. So, gets taxed at 10%. He therefore gives $10,000,000. No expemptions for either of us. Who gave more to the government?”

      Allow me to break it down into simple terms:

      The USA has the largest numbers of millionaires and billionaires by far. If there are other countries with as much freedom and opportunity as the US people would be migrating to it but, they’re not. If you think you can make as much money or more somewhere else; then go.

      Donate all you want to your church from your net income but remember churches don’t build roads or have fire fighters or police depts. Churches are local and serve that local community. Our US government serves all of the people no matter the location and our US government doesn’t turn their back on people for their politics, religion or lack of it, abortions, personal beliefs or anything else.

      America is no longer a “small town” though some people that still live in these small towns believe that all of America is just like them.

      Try living on 18k-20k a year in this economy.

      How’s taking back your country working out for you?

      Questioning with boldness.

      Report Post »  
  • Drithe
    Posted on September 20, 2011 at 7:52am

    Why should I have to pay more taxes so the pathetic poor and whiny middle class will be happy? I am keeping them up and paying a hell of a lot more taxes, even when I pay a lesser of a percentage of taxes. I will go as a far to say that this country would end up making more money in the long run if they lowered the tax percentages by at least 10% for the lower classes.

    Report Post »  
  • I Believe In American Exceptionalism
    Posted on September 20, 2011 at 7:50am

    Hussein Obama’s 2012 campaign strategy: insidious class warfare + the race card.

    President Downgrade is a spectacular liar. The MSM is simply corrupt for not calling him on it.

    America has rejected Hussein Obama’s wealth resdistribution policies and his failed presidency.

    Report Post » I Believe In American Exceptionalism  
    • billy396
      Posted on September 20, 2011 at 12:24pm

      Your comment should be posted on a very large billboard in every city in this country. His proposals are simply more of the same tax and spend BS. IF Hussein is relected, this country will end up as a mere shadow of its’ former self. He proposes to raise taxes to “lower the defecit by $1.5 trillion over ten years”?! He fails to mention that during that same ten year period, his plans call for over $15 trillion MORE in deficit spending. One more thing: If I hear one more person tell the open lie that unemployment is only 9.1%, I’m going to barf. Just because your unemployment checks run out, that doesn’t make you any less unemployed. The REAL unemployment rate is close to 19%, but the liars won’t admit the truth.

      Report Post »  
  • MiCurmudgeon
    Posted on September 20, 2011 at 7:49am

    Never has one person said so much and accomplished so little.

    Report Post »  
  • BIGJAYINPA
    Posted on September 20, 2011 at 7:47am

    Whatup Lee?? Fact checking Obama. Now there are one heck of a lot of shovel ready jobs being created…..Just sayin’

    Report Post » BIGJAYINPA  
  • countryfirst
    Posted on September 20, 2011 at 7:46am

    Someone should tell this man that the teleprompter is incorrect. Does the teleprompter have a degree in economics’. Or is it a liar and divider also.

    Report Post » countryfirst  
  • Bro Oremus
    Posted on September 20, 2011 at 7:45am

    Obama is reluctant to admit that he is a socialist but his agenda says that he is. Socialists want all the money for government and will use any deception to get it. Propaganda, class warfare, subverting the constitution, are the regular means for Obama and his minions. If he gets elected again America is done for. It seem that a lot of folks think that if they take American down it is not going to fall on them too. Hope? I hope that it’s not already too late to wake up

    Report Post »  
    • designbyinspiration
      Posted on September 20, 2011 at 7:55am

      Also, if HILLERY gets elected our country will be a darker shade of toast. Cooked, burnt, charcoal.

      Report Post »  
    • TPartyXpress
      Posted on September 20, 2011 at 8:20am

      Obama + heart attack. Hope for change.

      Report Post » TPartyXpress  
    • loveliberty83
      Posted on September 20, 2011 at 11:15am

      He taught Saul allinksy theory which is exactly what you describe see how he has divided our country money-race-etc

      Report Post »  
    • kikibirdie
      Posted on September 20, 2011 at 5:38pm

      Wow Bro Oremus, you typed what I was thinking!

      These folks supporting Obama are going down too!! What, do they think they’re immune? Do they think they live in another country?

      Report Post »  
  • Lee_in_PA
    Posted on September 20, 2011 at 7:43am

    Data is the plural of DATUM, and takes SHOW, not shows.

    Report Post » Lee_in_PA  
  • Gonzo
    Posted on September 20, 2011 at 7:42am

    Even if Obama was able to tax “the wealthy” at whatever rate he desires, it wouldn’t create jobs or significantly reduce the deficit. He’s just creating a boogeyman in the castle for the villiagers to storm with pitchforks and torches. The Republicans need to clearly define the difference between capital gains taxes and income taxes. Capital Gains have already been taxed once when they were originally earned as income. Warren Buffet and Obama both know this and are intentionally misleading the ignorant masses.

    Report Post » Gonzo  
    • BelowAverageJoe
      Posted on September 20, 2011 at 10:29am

      It just proves how little Obama thinks of American intellect. He underestimates that people would actually find out that there is a difference between capital gains and income taxes.

      Warren Buffet has made a serious strategic error hitching his wagon to Obama’s star. It’s falling and doing so fast. If I were a Berkshire Hathaway shareholder I would seriously question the sanity of Buffet and get the hell out.

      Report Post » BelowAverageJoe  
    • johnnye
      Posted on September 20, 2011 at 8:39pm

      I agree. My wife is a ChFP and watches “Squak Box” every morning on MSNBC. After Buffet’s meeting with Obama, and Barry chatting up the Buffet rule… we find… Buffet will gain financially from this rule. Warren has a $5 billion stake in Bank of America Corp, which Barry wanted to dismantle. He’ll pay no tax on the investment (liquidating assets and moving money is usually taxed) and he’ll get a free ride next year because he saved a bank and DNC donor for Obama. There will be verbage in the legislation,(let‘s vote on it so we can find out what’s in it) exempting Buffet somehow. Harry Reid is a master of that kind of bulls*t. It’s easily verified. %)

      Report Post »  
  • bigfatslob
    Posted on September 20, 2011 at 7:38am

    “Pay their fair share”…don’t you love these repeated mindless mantras. It reminds me of a famous trial and the defense attorney came up w/ another mindless mantra…”If da glove don’t fit, you must aquit”…..yeah, right, never mind the facts.

    Report Post » bigfatslob  
    • RIGEL_ORION
      Posted on September 20, 2011 at 7:58am

      They tried to retread Hope & Change, but no one was biting. So now Obama has his new abstract, unquantifiable slogan for 2012: “Paying Their Fair Share”

      That way he never has to put anything on paper or take an actual position on a number. Not surprising coming from a candidate who had voted “present” so many times.

      I know it shouldn’t amaze me anymore, but I can’t believe that not one member of the main stream media ever calls Obama out for his blatant lies about the tax code. Comparing only the double tax of Capital Gains to the Income Tax in order to distort the facts and create a tax inequity out of thin air is beyond the pale.

      All anyone has to know about this man is that he thinks each one of you is stupid, that he is superior to you and can distort any fact because you are a sheep and won’t think for yourself.

      Report Post »  
  • shirtsbyeric
    Posted on September 20, 2011 at 7:37am

    It’s math warfare.

    Report Post »  
  • billjones4
    Posted on September 20, 2011 at 7:36am

    Wait a minute…is this article saying that Barry openly lied about something despite obvious and available facts? I’m shocked!!

    Report Post »  
  • jackbauer
    Posted on September 20, 2011 at 7:36am

    Good, tax the investor class more! That will get the economy growing faster!
    Not!
    If Warren Buffet wants to pay more he can start by writing the check for the taxes he already owes the IRS. By all means pay up Mr. Buffet.

    Report Post » jackbauer  
    • azkidd
      Posted on September 20, 2011 at 11:50am

      Ya, because Snookie and Paris Hilton have already given so much to this country. These wonderful ladies shouldnt be expected to give back anything to this country!!!

      Report Post »  
    • handsmcml
      Posted on September 20, 2011 at 12:24pm

      This is for anyone who thinks that they are not paying enough in taxes:
      Citizens who wish to make a general donation to the U.S. government may send contributions to a specific account called “Gifts to the United States.” This account was established in 1843 to accept gifts, such as bequests, from individuals wishing to express their patriotism to the United States. Money deposited into this account is for general use by the federal government and can be available for budget needs. These contributions are considered an unconditional gift to the government. Financial gifts can be made by check or money order payable to the United States Treasury and mailed to the address below.

      Gifts to the United States
      U.S. Department of the Treasury
      Credit Accounting Branch
      3700 East-West Highway, Room 622D
      Hyattsville, MD 20782

      From: http://www.fms.treas.gov/faq/moretopics_gifts.html

      Report Post » handsmcml  
  • auntmoxie.com
    Posted on September 20, 2011 at 7:35am

    I can’t get over how disingenuous this man is. He knows good and well that he’s comparing apples to oranges and that his many minions will buy it. It’s unconscionable.

    Report Post » auntmoxie.com  
    • Gonzo
      Posted on September 20, 2011 at 7:45am

      He uses ignorance as weapon.

      Report Post » Gonzo  
    • Miguelito
      Posted on September 20, 2011 at 7:52am

      Yes, but he is playing to his base, the voters on welfare and those that are convinced that he (Obama) will give them something for nothing in return for their vote. Dems do nothing for this lower class but keep them in slavery, dependent on the government! Wake up, it is much rewarding when we live in love, peace and joy along with working hard to get what we want! What Obama is doing is class warfare besides lying and trying to divide this country so he can conquer it!

      Report Post »  
  • Rowgue
    Posted on September 20, 2011 at 7:34am

    Everyone with a brain knew that was BS the second it left his mouth. They are comparing the capital gains tax to income tax. The problem is the investment someone gets capital gains taxed for was purchased with money that was already taxed as income. The capital gains tax is a secondary double dip tax.

    The actual income tax rate for somebody making millions or billions of dollars a year that isn’t using any tax loopholes or shady government wink and a nod deals (of which warren buffett uses both incidentally) is just about 50%. There isn’t a secretary anywhere in this country that is paying anything close to that tax rate.

    Report Post »  
  • ConservativeResponse
    Posted on September 20, 2011 at 7:33am

    I’m sick and tired of hearing about the “fair share”. When the 50% of Americans that pay 0% of the federal income tax chip in and pay something, then we can talk about fair share. We can’t drug test, or make curfews, or taking away voting rights for people who contribute nothing. Well Mr. Obama. What say you? What is their fair share because nothing isn’t 50% of our population’s contribution to military, infrastructure, and regulation.

    Report Post » ConservativeResponse  
  • SpankDaMonkey
    Posted on September 20, 2011 at 7:33am

    .
    The fact that we are all jealous of what others have, is not a new problem. The real problem is all throughout history this problem has a nasty ending……

    Report Post » SpankDaMonkey  
  • BIGGS
    Posted on September 20, 2011 at 7:32am

    Why do Politicians talk %%% when they should be talking $$$ ???

    Report Post »  
  • Cap8tain
    Posted on September 20, 2011 at 7:31am

    This is a compelling reason for a flat tax; everyone pays.

    Report Post » Cap8tain  
    • auntmoxie.com
      Posted on September 20, 2011 at 7:36am

      I’ve always thought that the flat tax and the fair tax had their names confused.

      Report Post » auntmoxie.com  
  • bradlytle
    Posted on September 20, 2011 at 7:29am

    Don’t confuse the Left with the facts…

    Report Post »  
  • rangerp
    Posted on September 20, 2011 at 7:25am

    10% of my money goes to God via my tithe. Why does the federal government think they deserve a bigger chunk than God gets?

    Report Post » rangerp  

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