Tuesday, September 20, 2011

Obama twisting the truth on how much taxes the rich actually pay

Here goes President Obama twisting the facts once again. His statement that high income families pay less in taxes than middle class families is nothing short of a lie. Here are some facts about our Federal Taxes straight from the Congressional Budget Office.

According to the latest IRS figures. In 2009, taxpayers who made $1 million or more paid on average 24.4% of their income in federal income taxes. Those making $100,000 to $125,000 paid on average 9.9% in federal income taxes. Those making $50,000 to $60,000 paid an average of 6.3%. So as you can clearly see Obama's statement is not even close to being accurate at all.

The 10% of households with the highest incomes pay more than half of all federal taxes. They pay more than 70% of federal income taxes, according to the Congressional Budget Office.

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