FACTCHECK.ORG.."Obama leaves false impression..distorted the facts.."

Discussion in 'Politics' started by healthmyths, Apr 17, 2012.

  1. healthmyths
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    healthmyths Gold Member Supporting Member

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    In their zeal to pass the “Buffett Rule,” President Obama and Vice President Biden leave the false impression that many, if not most, millionaires (people who earn $1 million or more a year) are paying a lower tax rate than the middle class.
    The fact is that even without the Buffett Rule “more than 99 percent of millionaires will pay” a higher tax rate than those in the very middle of the income range in fiscal year 2015, according to the nonpartisan Tax Policy Center.
    But Obama and Biden have distorted the facts when explaining the proposal and its impact."
    FACTCHECK.ORG
    FactCheck.org : Obama and the ‘Buffett Rule’

    Seriously THE FACTS from the IRS are:
    1) 86 million tax returns in 2008 paid 14% of their TAXABLE income in TAXES PAID!
    2) 4.3 million returns paid: 26.1% of their taxable income in taxes!
    3) These 4.3 million returns PAID an average of $123,477
    4) The 86 million returns paid an average of $5,736
    5) THE 4.3 million PAID 2,152% MORE then the 86 million average return!
    FactCheck.org : Obama and the ‘Buffett Rule’

    BLAME FACTCHECK NOT me!!!
     
  2. SniperFire
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    SniperFire Senior Member

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    This is a major, major deception perped by our POTUS to trick the public.

    His adoring national media will of course give him a free pass.

    They hate like hell to see our first mulatto POTUS fail.


    Too late.
     
  3. Claudette
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    Claudette Gold Member

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    Shit. The Dem controlled Senate has already voted the Buffet bill down.

    Guess most of them will be paying Capital Gains when they retire.

    They surely wouldn't want to fuck themselves over now woudl they. LOL
     
    Last edited: Apr 17, 2012
  4. healthmyths
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    healthmyths Gold Member Supporting Member

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    It was given it would be voted down.. BUT Obama didn't care..
    What he wanted was the majority of the public polling 72% agreed with him!
    And that's what is so encouraging!
    He has all his career depended on deceit, tricks tactics.. he told us so...!
    And now his desperation is really showing!
    I mean if you can't convince with the TRUTH.. LIE!!
    This actually is a good sign!

    As you said the MSM will try to protect him.. I mean when the editor of NewsWeek calls him a "God"...
     
  5. BlindBoo
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    BlindBoo Gold Member

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    The bill was not voted down. It was not allowed to proceed because it didn't get 60 votes. A majority of the Senate voted to allow it. 51-45.
     
  6. Jackson
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    Jackson Gold Member Supporting Member

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    Thaat lower tax rate is the second time the taxpayer is paying taxes on their money. They paid the higher rate when it was payroll income and the lower rate when it was investment income. Just so you know.
     
  7. 007
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    007 Charter Member Supporting Member

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    When did a radical leftist ever worry about the truth getting in the way of a good lie?

    Just keep one thing in mind when it comes to leftists... Saul Alinsky and Rules For Radicals.
     
  8. healthmyths
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    healthmyths Gold Member Supporting Member

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    FACTCHECK.ORG.."Obama leaves false impression..distorted the facts.."

    And you are WRONG about "payroll" income!
    Payroll taxes i.e. Social Security and Medicare ARE NOT taxes in that they are returned in payments at retirement or disability!
    How can you call them payroll taxes if the employees payments are returned.. unlike INCoME taxes which are NOT returned.

    DO you understand the difference here???
    Counting "payroll" as a TAX is wrong !
    At retirement people get a lot more then what they pay in both in actual cash payments and health care!
     
  9. uscitizen
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    uscitizen Senior Member

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    Distorted?
    Yep a 3rd Bush term, reminds me of the build up for invading Iraq.
     
  10. BlindBoo
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    BlindBoo Gold Member

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    Nope. Only the income from an investment is taxed. If the asset was held for more than a year before it was sold then they pay the lower 'Capital Gains' Tax of 15%, or 10% ,or 5% depending on their tax bracket.
     

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