IS BARACK OBAMA A LIAR, A FOOL, OR BOTH A LIAR AND A FOOL?
He repeatedly alleges that the Bush Tax Cuts reduced the income taxes for the wealthy and not the middle class. That is false. For example, quoted below are the federal income tax rates for married tax payers filing jointly for the years 2000 (before the Bush tax cuts), and 2008 (after the Bush tax cuts).
Quote:
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http://www.taxfoundation.org/publications/show/151.html
2000
Married tax payers filing jointly,
marginal tax rate .. taxable income over ......... but not over
15% ........................... 000,000 ................... 043,050
28% ........................... 043,050 ................... 104,050
31% ........................... 104,050 ................... 158,550
36% ........................... 158,550 ................... 283,150
39.6% ......................... 283,150 .......................
2008
Married tax payers filing jointly,
marginal tax rate .. taxable income over ......... but not over
10% ........................... 000,000 ................... 016,050
15% ........................... 016,050 ................... 065,100
25% ........................... 065,100 ................... 131,450
28% ........................... 131,450 ................... 200,300
33% ........................... 200,300 ................... 357,700
35% ........................... 357,700 .......................
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For example please notice:
(1) Those married couples filing jointly who earned $16,050 or less, had their tax rate reduced from 15% to 10%, a difference of 5%, while those who earned more than $357,700 had their tax rate reduced from 39.6% to 35%, a smaller difference of 4.6%.
(2) Those married couples filing jointly who earned between $43,050 and $65,100, had their tax rate reduced from 28% to 15%, a difference of 13%, while those who earned between $200,300 and $283,150 had their tax rate reduced from 36% to 33%, a difference of only 3%.
George Orwell's NINETEEN EIGHTY-FOUR constituted a prescient warning to humanity. Today in the excerpt below, “the Party” is Obama’s Party, and “Winston” is we who oppose Obama’s party.
Quote:
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http://etext.library.adelaide.edu.au/o/orwell/george/o79n/
Part III, Chapter II,
'Reality exists in the human mind, and nowhere else. Not in the individual mind, which can make mistakes, and in any case soon perishes: only in the mind of the Party, which is collective and immortal. Whatever the Party holds to be the truth, is truth. It is impossible to see reality except by looking through the eyes of the Party. That is the fact that you have got to relearn, Winston. It needs an act of self-destruction, an effort of the will. You must humble yourself before you can become sane.'
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