An 'unequal' tax code 

This comment from Barack Obama about the GOP candidates made the rounds yesterday. He said that whoever the Republican nominee might be, "they represent ideas that I think are wrong for America." Like I’ve already said, it won’t matter who wins the GOP nomination, Obama will paint his opponent as “extreme.”

But then Obama went on to say one of the more asinine assertions I’ve heard in quite some time (and that’s saying a lot). Still talking about the Republicans, Ceasar Obammus said, "They believe that we should make the tax code more unequal.”

First of all, can anyone give me any example of any GOP candidate or Republican who has said that he wants the tax code to me more unequal? This is flat-out dishonesty. What’s even more absurd is that the United States already has the most bass-ackwards tax system among industrialized nations!

The United States currently has the most progressive income tax system among all industrialized nations. And here are some facts that you already know, but just emphasize the ridiculousness of Obama’s comment.

• The top 1 percent of taxpayers pay 38 percent of all the income taxes despite having just 20 percent of the income.

• The top 10 percent of taxpayers pay 70 percent of the income tax while having just 46 percent of the income.

• At the other end, the bottom 50 percent of taxpayers pay just 2.7 percent of the income tax while having 13 percent of the income.

Just another day in the life of the class warfare campaign being waged by our Dear Ruler.