DYSPEPSIA GENERATION

We have seen the future, and it sucks.

President Obama Clueless About Teachers’ Tax Rates.

29th September 2011

Read it.

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.

One Response to “President Obama Clueless About Teachers’ Tax Rates.”

  1. Cathy Sims Says:

    We could have stopped at “President Obama Clueless …” and been just as accurate.