Does anyone really believe Obama's BS class envy rhetoric? Not if you actually ever looked at the IRS revenue reports.
The leftist AP does the fact-checking this time.
“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.
This year, households making more than $1 million will pay an average of 29.1 percent of their income in federal taxes, including income taxes and payroll taxes, according to the Tax Policy Center, a Washington think tank.
Households making between $50,000 and $75,000 will pay 15 percent of their income in federal taxes.
Lower-income households will pay less. For example, households making between $40,000 and $50,000 will pay an average of 12.5 percent of their income in federal taxes. Households making between $20,000 and $30,000 will pay 5.7 percent
There you go. On AVERAGE they are paying 29%. With a max bracket of 34%, some deductions for home mortgage, charity, plus the usual small things, and 29% seems like plenty.
In a state like mine, you add 10% state income tax, another 10% for all the state and fed payroll taxes, and you're at 50%. Add property taxes, sales taxes, utility taxes, gas taxes, etc., and you hit 60%. I know I have.
Millionaires aren't numerous. A much more populous class below them are the bread and butter of tax revenues. The 'class' that gets screwed the most are the people who are in the top tax brackets but are far from millionaires. The hundred-thousandaires, if you will. Professionals living in major metro areas on 40% of their income, where mortgages on tract homes are $4000 per month, and property taxes are $1000 per month. People I know who are making $100K are buying trashed fixer-uppers, eating PB&J at work every day, and buying their household goods from Craig's list. Those are the ponies with the big saddles on their backs.
http://www.google.com/hostednews/ap/article/ALeqM5iP3lhS4ZQ-UhyUvFfUgdPCiu-jJA?docId=47a565563a294b2bad96544a7f0ddc1b