So as it turns out, households earning more than 1 million pay about 29% of their income in Taxes. Those earning between 50 and 75k pay 15%. The 7 figure crowd (236,000 filers in 2009 of more than 140 million filers) picked up more than 20% of the tab.
The top 1 per cent, paid more than 38% of the bill, though they accounted for 20 per cent of the wages.
The top 10 per cent paid 70 percent of the bill, while almost no one in the bottom half paid a penny.
So while Obama points at the exception (Buffett) not the rule, when he says it is unfair for teachers and firefighters to pay a higher percentage than millionaires.........that would be unfair...ONLY IF IT WERE TRUE....so is Obama uninformed, or is he lying?