Tuesday, September 20, 2011

Obama's Fact Check on Buffet Rule

President Obama recently stated that Millionaires shouldn't pay less in taxes than their secretaries and they don't.  The average Federal Tax rate for a millionaire is 29.1%, the average federal tax rate for someone making 50-75K is 15.1%.
In all the top 10% of Americans pay the majority of federal taxes and 70% of federal income taxes.

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