Friday, July 6, 2012

Obama confesses: Secretaries pay lower tax rates than their bosses, speech, Pittsburgh, Pennsylvania

The AP reported last year that, contrary to President Obama's disingenuous claims, secretaries do not pay a higher tax rate than their bosses.

"The data tell a different story [than Obama's]," the AP noted. "This year, households making more than $1 million will pay an average of 29.1 percent of their income in federal taxes. Households making between $50,000 and $75,000 will pay 15 percent of their income in federal taxes. Lower-income households will pay less [5.7%, 12.5%, 15%]."

Hence, it should come as no surprise that the President has finally confessed that he was twisting the facts all along.

Speaking at a campaign event Friday at Carnegie Mellon University in Pittsburgh, Pennsylvania, President Obama asserted: "We need to have a tax code where secretaries aren't paying a lower tax rate than their bosses."

A freudian slip? Perhaps.

But hopefully Obama will not change the current tax code and force secretaries to pay a higher tax rate than their bosses....

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