Truth: About 46.4% of US households paid no federal income taxes in 2011. So nearly half of us WILL NOT see higher income taxes after our fall off the fiscal cliff. (Tax Policy Center)
Truth: We DO NOT have a revenue problem. If Obama gets his 40% on tax payers reporting $250,000 and more, the difference in revenues will cover less than 2 weeks of our expenses.
Truth: Upon his nomination for secretary of the Department of the Treasury in 2008, it emerged that Tim Geithner had not paid $35,000 in self-employment taxes from 2001-2004. The media dictates our vetting process. The light of blame was centered on his use of software.
Truth: Obama served as a Senior Lecturer and never a law professor at the University of Chicago. There are more mysteries around his formal education and claims.
Truth: Working Americans will face a 2% increase in their first 2013 pay check. FICA withholding returns to 6.2% from the 4.2% we have experienced these past two years.
Keep seeking the truth.
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