[lookout123]

I'll drop this here since it is somewhat related.

When is someone in the media going to seriously going to explore Obama's middle class tax cut claims? I keep hearing we need to raise taxes on the rich because the poor are paying too much but I don't see any support for the claim.

The reason I ask today is I spent the day working with a couple of accountants on a project and we landed on the subject. We were looking at actual tax returns and here is what I found.

Family of four with $50,000 Net of deductions paid <$500 in federal income tax.

Family of four with $80,000 Net paid <$1,800 in federal income tax.

Family of four with $100,000 Net paid @$6800 in federal income tax.

No one wants to pay any taxes and I understand that, but even at the $100,000 the tax payer is paying less than 10% of their income. They're middle class - should they pay less? $50,000 is certainly middle class - how could they pay any less?

I really don't get it. I've seen different figures stating between 40-50% of the US population pays zero federal income tax so who is Obama talking about when he says the middle class needs a break at the expense of the rich?