29th September 2011
And pretty much everything else, evidently.
President Obama’s claim that he pays a lower tax rate than a teacher making $50,000 a year isn’t true. A single taxpayer with $50,000 of income would have paid 11.9 percent in federal income taxes for 2010, while the Obamas paid more than twice that rate — 25.3 percent (and higher rates than that in 2009 and 2008). And if the $50,000-a-year teacher were in Obama’s tax situation — supporting a spouse and two children — he or she would have paid no federal income taxes at all.
So either he’s a liar or he’s stupid. Since he went to Harvard, I call it ‘stupid’, but it could go either way.
What FactCheck is referring to is one of the President’s latest talking points: on at least two occasions in the last few days he’s said “I shouldn’t be paying a lower effective rate than a teacher, or a firefighter, or a construction worker” and “Somebody who’s making $50,000 a year as a teacher shouldn’t be paying a higher effective tax rate than somebody like myself”: obviously, this is complete nonsense. It’s in fact at Elizabeth Warren-levels of nonsense* …but I am very surprised that the fact that the President’s spouting off said nonsense would apparently be a shocking revelation for, well, anyone.
Not really news, but a useful reminder of what a goober our electorate saddled us with in 2008.