In the Obama Boot Licking Media’s attempt to kill off Joe the Plumber, as per the “Obama Apologetic“:

“The exchange between Obama and Wurzelbacher that first brought him to the McCain campaign’s attention, occurred Sunday while the Democratic nominee was canvassing for votes in Toledo.

“I’m being taxed more and more for fulfilling the American Dream,” Wurzelbacher told Obama, adding he was concerned about having to pay more taxes as he worked towards his goal of buying his own plumbing business, which could draw income of $250,000 a year. “Your new tax plan is going to tax me more, isn’t it?”

Obama said that, under his proposal, those making $250,000 or less would not pay more in taxes, but incomes above that level would be subject to a higher tax rate.”

BS.

The Non Profit Tax Policy Center blows the lid off the lie:

Democratic presidential candidate Barack Obama’s plan to cut taxes on 95 percent of taxpayers would effectively increase government spending by an average of $64.8 billion a year and effectively raise income tax rates for many Americans, even on some earning $20-$50,000 per year, according to the non-partisan Tax Policy Center.

The heart of Obama’s tax cut proposal is in his use of refundable tax credits, which the Center describes as “credits available to eligible households even if they have no income tax liability” — in short, refunds available even to those who don’t pay taxes. These refunds are claimed on tax returns and are paid to all taxpayers who qualify for them, regardless of whether they owe taxes or not. These refunds have the ability of reducing a taxpayer’s liability below zero, meaning they can get a refund without actually paying taxes.

In real numbers, 60.7 million people who have no tax burden at all will receive refunds from Obama, while only 33.8 million people, who pay approximately 40 percent of income taxes, will get any kind of refund. Twenty percent of taxpayers, who pay 87.5 percent of total income taxes, will actually see after-tax income decline under Obama by nearly two percent, according to the Center.”

It’s BS folks, you make more than $20,000 bucks a year, Obama plans to spread your “wealth around”!