In their zeal to pass the “Buffett Rule,” President Obama and Vice President Biden leave the false impression that many, if not most, millionaires (people who earn $1 million or more a year) are paying a lower tax rate than the middle class. The fact is that even without the Buffett Rule “more than 99 percent of millionaires will pay” a higher tax rate than those in the very middle of the income range in fiscal year 2015, according to the nonpartisan Tax Policy Center.
So, gee, now that we know that, of course everyone will stop grandstanding about the stupidest plan since Hermann Cain's 9-9-9 now-I-cheat-on-my-wife economic plan, right?
Oh, and the Annenberg Foundation also discovered that they've been distorting how much money it would shave off the deficit, too.
Who'd a thunk it?