You know the one, the tax that says that rich people (previously defined as anyone making more than $250,000) should pay income tax at a rate of at least 30% so they would be sure to pay more than their secretaries. It's all about "fairness" ya' know.
It is also claimed that we could balance the budget with the proceeds, or at least make a big dent. I'm guessing that no regular readers of this blog bought into that nonsense, but in that article we gave a mathematical illustration just in case they wanted to explain the whole thing to their more gullible friends.
So why am I talking about this again? Well, it's because President Obama's tax return was released today. So let's continue the "Gullible Gazette" series with another Jeff Foxworthy question and answer gag by saying;
If you think that Obama really believes that everybody who makes $789,674 per year (like Obama himself did last year) should pay at least 30%....you just might be gullible.
You see, he paid his taxes at the rate of 20.5% instead of the 30% he thinks should be willingly paid by his goofy buddy Warren Buffett and anyone else who dares to succeed financially.
No word yet on why he doesn't just skip a bunch of deductions himself so he can cough up the other 10%. Maybe it's because he has redefined "rich"- for this piece of legislation only- as anyone making a million dollars a year instead of the measly $789,674 he made after his deductions.
Pretty convenient I'd say. At least I'd say that if I was gullible.
Late breaking news! Since this piece was posted I came across a new news item from ABC news. Yep, you guessed it, President Obama’s Secretary Paid Higher Tax Rate Than He Did. The spin on this one is likely to be sufficient to back a golf ball up from Augusta to Pebble Beach.
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