(The following is an excerpt from The Fiscal Times; full story at the link above.)
By JOSH BOAK, The Fiscal Times
August 9, 2012
TV viewers are already getting swamped with ads for President Obama and Mitt Romney—and the 30-second bursts of hype and hyperbole are only going to multiply as November approaches. Campaigns and Super PACs have reportedly spent a combined $350 million so far on TV commercials, mostly aimed at voters in swing states like Florida, Pennsylvania, Nevada, Ohio and Virginia.
Millionaires would pay “a little more” under Obama:
Those three vague words “a little more” appearing multiple times in Obama ads leave a lot to the imagination... On the other hand, someone making $1 million to $2 million—the entry level for modern day millionaires—would on average owe the IRS another $57,308 a year, according to analysis by Citizens for Tax Justice.