"Middle-class families shouldn't pay higher taxes than millionaires and billionaires,

[piece-itpete]

... Obama said. "That's pretty straightforward. It's hard to argue against that."

It's also hard to argue against ice cream, or puppies.

The class war continues:

"It is wrong that in the United States of America, a teacher or a nurse or a construction worker who earns $50,000 should pay higher tax rates than somebody pulling in $50 million." -Obama

And that very well may be true, unfortunately for the left, that is not what's happening in the good old US of A:

....

"This year, households making more than $1 million will pay an average 29.1% of their income in federal taxes, including income taxes, payroll taxes and other taxes, according to the Tax Policy Center, a Washington think tank.

Households making between $50,000 and $75,000 will pay an average of 15% 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% of their income in federal taxes. Households making between $20,000 and $30,000 will pay 5.7%."


....

And yeah, the capitol gains has a lower rate. In aggregate it doesn't matter.

When pushed to back up his bosses wildly inflated claims, Geithner says:

"So it really depends on what is your profession, where's the source of your income, what's the specific circumstances you face, and the averages won't really capture that."

So the champion of big business bailout, bails

http://www.usatoday.com/money/perfi/...1?csp=obinsite

Pete