Does Obama Know the Difference Between Revenue & Profit!
Hearing all of the horror stories about Obama's tax increase on business making over $250,000, we assumed that he was talking about a marginal tax increase. We were so wrong! From Obama's own lips, "If your revenue is above 250, then from 250 down your taxes are gonna stay the same. It is true that, say for 250 up, from 250 to 300 or so...you go from 36 to 39 percent..." (The other possibility is that he does not know the difference between revenue and profit, which should immediately exclude him from not only being president but from being a senator--and it would also explain why he favors socialism, since he does not understand capitalism.)
Listen to the whole thing, but especially at the 24 second mark: