The Wall Street Journal has a great op-ed that clearly lays out the shell game President Obama is trying to “sell” the American people and more specifically the taxpayer…you know, they folks who will actually pay the bills.

President Obama has laid out the most ambitious and expensive domestic
agenda since LBJ, and now all he has to do is figure out how to pay for it.
On Tuesday, he left the impression that we need merely end “tax breaks for
the wealthiest 2% of Americans,” and he promised that households earning
less than $250,000 won’t see their taxes increased by “one single dime.”

This is going to be some trick. Even the most basic inspection of the IRS
income tax statistics shows that raising taxes on the salaries, dividends
and capital gains of those making more than $250,000 can’t possibly raise
enough revenue to fund Mr. Obama’s new spending ambitions.

Now, if you look at the facts and consider what the actual statistics show us, you’ll realize there is NO way middle America won’t feel a big hit to fund this massive expansion of government programs, debt and taxes.

Consider the IRS data for 2006, the most recent year that such tax data are
available and a good year for the economy and “the wealthiest 2%.” Roughly
3.8 million filers had adjusted gross incomes above $200,000 in 2006.
(That’s about 7% of all returns; the data aren’t broken down at the $250,000
point.) These people paid about $522 billion in income taxes, or roughly 62%
of all federal individual income receipts. The richest 1% — about 1.65
million filers making above $388,806 — paid some $408 billion, or 39.9% of
all income tax revenues, while earning about 22% of all reported U.S.
income.

This is an  article worth sharing with your friends.  President Obama “hopes” we only listen to the rhetoric and ignore the facts.

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