Another LIE

N

NOVA

U. S. NAVY Veteran
According to The Tax Foundation’s Federal Individual Income Tax Rates History table, the top marginal tax rate is currently 35 percent. In 1992, under President George H.W. Bush the top marginal rate was 4 points lower than today’s rate at 31 percent.
In 1988, under President Ronald Reagan the top marginal rate was 7 points lower than today’s rate at 28 percent.

Read more at the Washington Examiner: http://washingtonexaminer.com/blogs...act-check-obama-wrong-tax-rates#ixzz1RTbAZ5b1
The Tax Foundation is the oldest non-profit tax think tank in the country, founded in 1937. Their stated mission is "to educate taxpayers about sound tax policy and the size of the tax burden borne by Americans at all levels of government." It also argues for a tax system characterized by "simplicity", "neutrality", "stability", "transparency" and "growth-promotion".[1]
It was founded at the University Club in New York. Founding members included:

Its first chairman was Lewis H. Brown.
The Tax Foundation publishes studies on state on federal tax burdens, costs of tax compliance, and others like the impact of cigarette taxes on smuggling. The major public campaign of the Tax Foundation is its annual Tax Freedom Day, which calculates the total state and federal tax burden of the nation as a percentage of national income, and converts that into the portion of the year taxpayers must "work to pay taxes".
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The Center for Media and Democracy (CMD) )(SourceWatch) is a liberal[1] non-profit American-based media research group. It was founded in 1993 by environmentalist writer and political activist John Stauber, but has been run by Lisa Graves since 2009

The Capital Research Center, which rates the ideological leanings of American non-profits on a 1-8 scale it describes as "1=Radical Left and 8=Free Market Right", gives the Center for Media and Democracy a ranking of "2", at the far left end of its scale.
 
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bravo said:
fed to the pinheads .... they won't question anything this liar tells them....

"At Wednesday’s Twitter Town Hall, (7/6/11) President Obama claimed: “We actually now have the lowest tax rates since the 1950s. Our tax rates are lower now than they were under Ronald Reagan. They’re lower than they were under George Bush — senior or George Bush, junior.” This statement is false.
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Sorry, it's mostly true.

"We realize that Obama offered two different standards -- the lowest rates ever, and the lowest since the 1950s. We’ve decided to use the latter standard -- "since the 1950s" -- because the data is more consistent and easily accessible. (With one exception to fund the Civil War, there was no federal taxation prior to 1913.)

Between 1960 (when the "1950s" faded into history) and the 1980s, when Ronald Reagan pushed through landmark tax cuts, top tax brackets had much higher rates than those in place today. For instance, the top rate was 91 percent in 1960, and 70 percent on the eve of Reagan’s election in 1980.

By 1988, the top federal income tax rate fell to 28 percent, and it stayed there until 1990. It ticked up to 31 percent for 1991 and 1992, before rising to 39.6 percent in 1993.

So, for five tax years -- 1988 through 1992 -- the top tax bracket had a lower rate than today’s top bracket. Put another way, out of 52 tax years since 1960, the top tax rate was lower than today’s only 10 percent of the time. (Today’s top tax bracket has been steady since 2003, so in nine additional tax years, the earlier bracket was tied with today’s.)

That’s not exactly what Obama said, but it's close."
 
Isn't the Tax Foundation funded by the Koch brothers?
 
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