The Associated Press fact-checked President Barack Obama’s assertion that the rich are taxed at a lower rate than their secretaries, and found that on average, Obama’s claim doesn’t hold water.Obama was paraphrasing Warren Buffett, who claimed he has a lower effective tax rate than his secretary — though that is far from the rule.
IRS data from 2009 shows that households with incomes over $1 million paid an average of 24.4 per cent to Uncle Sam, while those between $100,000 and $125,000 paid about 9.9 per cent in federal income tax.
But there are over 1,470 households with incomes over $1 million that do not pay any income tax — less than one per cent of all millionaire filings, the AP found.
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