Summary McCain has repeatedly claimed that Obama would raise tax rates for 23 million small-business owners. It’s a false and preposterously inflated figure. We find that the overwhelming majority of [...]
Summary The McCain campaign claims that Obama voted to raise income taxes on individuals who earn as little as $32,000 per year. That’s wrong. The resolution Obama voted for would [...]
Q: Why does diesel fuel cost more than gasoline?
A: The main reason is rising global demand, but new environmental restrictions and higher federal taxes also are factors.
Q: What percent of taxes does the top 1 percent pay and what percent of the income do they make?
A: The top 1 percent of all households got 18 percent of all personal income and paid nearly 28 percent of all federal taxes in 2005, according to the Congressional Budget Office. The top 1 percent now pay a significantly larger share of taxes than before President Bush’s tax cuts, and also have a larger share of income.
Q: What percentage of the U.S. population makes more than $250,000 per year?
A: Roughly one in 50 households will take in more than $250,000 next year.
Q: Is the economic stimulus payment taxable?
A direct-mail piece sent to voters by the Clinton campaign twists Obama’s words and gives a false picture of his proposals: It says he “wants to raise Social Security taxes by a trillion dollars,” a big distortion. Obama has said a “good option” would be to apply Social Security payroll taxes to incomes over $97,500 a year, but that would only affect taxes paid by 6.5 percent of individuals and couples. And he hasn’t formally proposed such a move anyway.
Summary In the run-up to the Jan. 3 Iowa caucuses, Huckabee is running a TV ad featuring graphics that claim he was "tough on crime" and "brought Arkansas' crime rate [...]
Q: Do members of Congress pay Social Security taxes?
A: Yes, ever since 1984.
Summary In our recent article on the second GOP debate, we called out Gov. Mike Huckabee as well as Reps. Tom Tancredo and Duncan Hunter for their support of the [...]