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Tag Archives: taxes
Biden’s “Patriotic Act”
A recent McCain-Palin ad titled “Patriotic Act” puts a new twist on some old false claims, then adds a misleading implication, just for good measure. Here’s the ad: We can start with a list of what the ad does get right: Joe Biden did indeed say that paying taxes is …
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Bluegrass Gasoline Blues
Summary Senate Minority Leader Mitch McConnell of Kentucky is running an ad blaming his opponent for contributing to high gasoline prices in the state. We find that’s a big exaggeration. At most, prices are 12.1 cents per gallon higher as a result of the 1980 tax change that was favored …
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Tagged Bruce Lunsford, gasoline, gasoline tax, Mitch McConnell, taxes
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Diesel Fuel and Gasoline Costs
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.
Top 1%: What They Make and Pay
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 …
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