The liberal Tax Policy Center reports that 91.4 percent of individual taxpayers with adjusted gross incomes (AGI) between $50,000 and $100,000 pay less than 15 percent in taxes. And 43.9 percent of the $50,000-$100,000 AGI taxpayers pay an effective rate between 5 and 9.99 percent, while 4.6 percent of this group pay no federal income tax at all.
Previous editions of a widely used high school textbook, “The American Pageant,” by Thomas Bailey and David Kennedy, show charts on the federal deficit in historical dollars. When it came to the Ronald Reagan years, the graphic shows a rapidly increasing deficit. But as a share of the gross national product, Reagan’s deficits are really much smaller than FDR’s. By not showing the numbers as a share of the GNP, their charts make his deficits look outrageous. Of the textbook’s depiction of the “outsized” Reagan deficit, University of Dayton history professor Larry Schweikart said, “The appearance to mislead seems intentional.”
Well, ABC, NBC, NPR, is it intentional?
Larry Elder