Peter Farrara’s recent column in Forbes is a superb expos’e of some of the major lies that comprise the bulk of Obama’s campaign rhetoric.  It is a deceitful and divisive campaign that relies on the ignorance of his prospective voters.  A case can be made that some of the lies are really a reflection of the economic ignorance of the President himself, and therefore not technically lies … though still not excusable.  Read it and see what your think.   Here is an excerpt:

But the Obama fallacy most harmful to the nation, perpetuated in the debate, is the fundamentally false narrative and conception regarding the American tax system: that the rich do not pay their fair share.  The truth is that the rich pay more than their fair share, particularly in regard to federal income taxes, where upper income earners pay, in fact, essentially all of the federal income tax burden.

The CBO reported earlier this year that in 2009, the year Obama entered office, the top 1% of income earners paid 39% of all federal income taxes, while earning just 13% of the income.  That was more than double the 17.6% of federal individual income taxes paid by the top 1% when President Reagan entered office in 1981.

CBO further reported that in 2009 the top 20% of income earners, those earning more than $74,000, paid 94% of federal individual income taxes.  That was 85% more, almost double, the share of national income they earned.

In sharp contrast, in that same year, the middle 20% of income earners, the true middle class, paid 2.7% of total federal individual income taxes on net, while earning 15% of before-tax income.  And the bottom 40% of income earners, instead of paying some income taxes to support the federal government, were paid by the IRS cash equal to 10% of federal individual income taxes on net.

That means altogether the bottom 60% of income earners, which includes the middle class, paid less than 0% of total federal individual income taxes as a group on net.  Instead, as a group, they received cash payments from the IRS on net.

Given these indisputable facts, it is preposterous for President Obama to be promoting his false narrative regarding federal income tax burdens, not only during this campaign, but during his entire Presidency. He is misleading the country, and stirring up false resentments.

Even looking at all federal taxes, and not just the predominant income taxes, the story is the same…..

Read the whole thing here.