Conservative Bytes: Fact Check Pulverizes Obama’s Claim About Buffett’s Secretary

Mr. Buffett is currently fighting the IRS about back taxes, so I guess he really doesn't want to pay more taxes huh?   And then, there was this.  This is becoming a big joke!

 

Posted on September 20, 2011

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. 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.

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

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.)

 

article found here:  http://conservativebyte.com/2011/09/fact-checked-obama-are-the-rich...

Views: 26

Comment

You need to be a member of First Coast Tea Party to add comments!

Join First Coast Tea Party

Comment by Patricia M. McBride on September 24, 2011 at 8:49am
I might also add that this video came out of MoveOn.Org along with several other very incorrect, over the top videos.

National Debt Clock

  

The First CoastTea Party is a non-profit organization. We have no deep-pocketed special interest funding our efforts.

You may contact us at:

First Coast Tea Party
1205 Salt Creek Island Dr
Ponte Vedra, FL 32082
904-392-7475

Helpful Links

Blog Posts

RYAN NICHOLS - Hardened Criminal?? Seriously??

If you're not already aware. This is what's going on in DC while dangerous criminals are allowed back out on the streets.  It's horrifying that this is happening to our citizens and veterans for protesting the hijacking of our election process. This is still happening! They are STILL being tortured and treated like full on terrorists. 

You may not be aware of the typical things they're forced to go through...…

Continue

Posted by Babs Jordan on August 14, 2022 at 8:44am

© 2024   Created by LeadershipCouncil.   Powered by

Badges  |  Report an Issue  |  Terms of Service