tag:blogger.com,1999:blog-6931942690068259127.post6550812693623756843..comments2024-01-12T07:25:33.861-08:00Comments on Bakersfield Observed: McCarthy: President's repackaged budget speech was a flop. He needs to get realRichardBeenehttp://www.blogger.com/profile/12542559942096218256noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-6931942690068259127.post-76794821868511591552011-04-18T08:15:13.138-07:002011-04-18T08:15:13.138-07:00For some reason I suspect the uber-rich, who Obama...For some reason I suspect the uber-rich, who Obama seeks a little more from, really don't work that hard when compared with the middle-class - a class McCarthy obviously abhors.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6931942690068259127.post-5873615914873520852011-04-16T13:44:07.269-07:002011-04-16T13:44:07.269-07:00He didn't say we'd work 102 out of 260 wor...He didn't say we'd work 102 out of 260 working days. He said we'd work 102 days of the year, which, as you know, is usually 365 days. (102/365) = 28%.Jerhttps://www.blogger.com/profile/16553876967209814324noreply@blogger.comtag:blogger.com,1999:blog-6931942690068259127.post-84683090358127748182011-04-15T17:49:47.814-07:002011-04-15T17:49:47.814-07:00"This year, the average American will work 10..."This year, the average American will work 102 days out of the year just to pay taxes before you start taking money home. Now President Obama wants you to pay more." <br /><br />Assuming 260 working days a year (52*5) that means the effective tax rate on the "average" American is 39.2% (102/260), above the top marginal rate of 39% paid by only the highest earners. Mr. McCarthy, your math makes zero sense.Anonymousnoreply@blogger.com