I saw somebody post this on Facebook:
Obama's 95% Illusion - Wall Street Journal
Oh, come on. Using the graph (the newspaper's version of the sound bite) to show marginal tax rates as opposed to actual tax rates? Even disregarding the choice of situation (why only one?), it's more than a little misleading. The graph is essentially the derivative of the amount paid in taxes. I would have a hard enough time converting that into the real numbers, and I majored in math. Of course, since this graph conveniently omits the data needed to actually compare how much would be paid in taxes. (For those of you playing along at home, that's the constant you add to the integral.)
Incidentally, increased marginal tax rates? That's called progressive taxing. (Or rather, more progressive.) It's exactly what we expect from the economically liberal. Trying to spin this as the same as a tax increase is disingenuous, and seems like nothing more substantial than an attempt to counter the tendency of voters to go for Democrats in economic down times.
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