AP fact-checks Obama: Secretaries do NOT pay a higher tax rate than billionaires. From the AP article: “This year, households making more than $1 million will pay an average of 29.1% of their income in federal taxes, ….between $50,000 and $75,000 will pay 15%, …between $40,000 and $50,000 will pay an average of 12.5%… between $20,000 and $30,000 will pay 5.7%.” Well, to paraphrase candidate Obama in 2008, “It’s not about revenue, it’s about campaign bullcrap.”
Author: Bonfire of the Absurdities
After 35 year career writing software for IBM mainframes, am now self-employed contractor thinking of joining a union and striking for higher wages. Cured morbid fear of heights when I learned to look at them as lengths standing on end. Uncompromising in refusal to accept browser cookies. Amateur investor who has accumulated a small fortune in the market after starting out years ago with a large one. For recreation, I run, hike, kayak and play tennis but will not consider synchronized swimming under any circumstances.
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