Alarming News

September 25, 2011

#6- They don’t drink the blood of poor children

5 myths about millionaires. Such as:

3. Millionaires pay proportionately less income tax than poorer people.

In a speech on Monday, Obama said raising taxes on millionaires isn’t class warfare, but “math.” His math may be off: According to the IRS, those with adjusted gross incomes of more than $1 million paid an average of 23.3 percent in federal income taxes in 2008; those earning between $100,000 and $200,000 paid 12.7 percent; and those earning between $50,000 and $100,000 paid 8.9 percent. Nearly half of American families don’t make enough money to pay federal income taxes at all.

Posted by Karol at 09:47 PM |

I keep seeing that paragraph quoted, and what jumps out at me is the omission of people between $200k and $1m.

Posted by: Eric at September 27, 2011 at 2:45 am
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