Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
At Wednesday’s Twitter Town Hall, President Obama claimed: “We actually now have the lowest tax rates since the 1950s. Our tax rates are lower now than they were under Ronald Reagan. They’re lower than they were under George Bush — senior or George Bush, junior.” This statement is false.
According to The Tax Foundation’s Federal Individual Income Tax Rates History table, the top marginal tax rate is currently 35 percent. In 1992, under President George H.W. Bush the top marginal rate was 4 points lower than today’s rate at 31 percent. In 1988, under President Ronald Reagan the top marginal rate was 7 points lower than today’s rate at 28 percent.
At Wednesday’s Twitter Town Hall, President Obama claimed: “We actually now have the lowest tax rates since the 1950s. Our tax rates are lower now than they were under Ronald Reagan. They’re lower than they were under George Bush — senior or George Bush, junior.” This statement is false.
According to The Tax Foundation’s Federal Individual Income Tax Rates History table, the top marginal tax rate is currently 35 percent. In 1992, under President George H.W. Bush the top marginal rate was 4 points lower than today’s rate at 31 percent. In 1988, under President Ronald Reagan the top marginal rate was 7 points lower than today’s rate at 28 percent.
Before calling him a liar, get your facts and learn if top marginal tax rate is the only thing that matters when talking about tax rates.
Hint: Effective average tax rate for top 1% in 2008 was 23% as a percentage of AGI. In 1988 it was 24% and it was 25% in 1992. Average tax rate (across all tax payers) was about 12%.
Well, at least Obama is a consistant at being a pathological liar.
Barry lied when he said that his staff had their salaries frozen and no one had gotten a raise in 2 1/2 years. ALL of his staff got raises and most were over 50%.
Barry lied when he said that his staff had their salaries frozen and no one had gotten a raise in 2 1/2 years. ALL of his staff got raises and most were over 50%.
SOP for the fraud that sits in the Oval Office. Nearly every speech, claim falls well short of the truth.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
