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Tax Distortions

Palin repeated several false claims about Obama’s tax policies.
Obama did not in fact vote to increase taxes on “families” making as little as $42,000 per year. What Obama actually voted for was a budget resolution that called for returning the 25 percent tax bracket to its pre-Bush tax cut level of 28 percent. That could have affected an individual with no children making as little as $42,000. But a couple would have had to earn $83,000 to be affected and a family of four at least $90,000.

Viral Claims About Obama’s Tax Proposals

Q: Would Obama tax my profits if I sell my home? Would he tax my IRA? Would he tax my water?
A: No. A new e-mail being circulated about Obama's tax proposals is almost entirely false.