One of the strongest elements of Mitt Romney's spectacular debate performance was his decisive rejoinder to the president's oft-repeated allegation that the Republican plans to raise taxes on middle class families. Obama said Romney has designs on an unpaid-for $5 trillion tax cut that would eventually necessitate higher tax bills for average Americans. Romney flatly rejected the claim by calling it false, then explained what he actually has in mind. But the president returned to the "$5 trillion" well on several subsequent occasions, prompting more rebuttals from his challenger. FactCheck.org and CNN reviewed Obama's accusation, and found it wanting....
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[What get me is that Letterman is one of those super millionaires that Obama want to raise taxes on. ] Letterman probably has no frigging idea what he pays in taxes. He probably thinks that he pays 14 or 15% since that's what the media constantly harps on. "The rich typically pay about 14 or 15% of their income in taxes because most of their income comes from capital gains which is only 15%." They make this claim all the time without ever truthfully explaining the details. Letterman probably believes that (he has an accountant do his taxes, I'm guessing) he only pays 15% and thinks it should be higher. Someone should tell him that he can instruct his accountant to pay more if he wants to pay more.
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