You Pay for Warren Buffett’s Medicare

The president is barnstorming around the nation, hoping to enrage voters at the injustice that the wealthy pay less in taxes than the middle class. “Now that’s wrong,” Mr. Obama objected. “That’s not fair.”

It also isn’t true. According to the National Taxpayers Union, in 2009, the top 1 percent of earners paid 36.7 percent of income taxes. The top 5 percent paid 58.6 percent. And the top 10 percent paid more than 70 percent. Social Security and Medicare taxes fall more evenly on all income groups (except the poor), but are lower. Further, Mr. Obama had the opportunity to repeal the Bush tax cuts he claims to find so odious when his party controlled both houses of Congress, but he chose to extend them instead.

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