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

[Patricia M. McBride]

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...

[Patricia M. McBride]

I might also add that this video came out of MoveOn.Org along with several other very incorrect, over the top videos.