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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