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....