The Truth-o-Meter says: False | Steve Doocy says someone earning $250,000 pays half that in taxes
Steve Doocy, one of the co-hosts of Fox & Friends, last week took aim at President Barack Obama’s longstanding proposal to let the George W. Bush-era tax cuts expire for taxpayers making $250,000 and up. "If you make more than $250,000 a year, (President Obama wants to) jack up your taxes about 5 percent," Doocy said on the July 11 edition of the show. "But when you think about it, at $250,000 you only really take home about $125,000, which in some parts of the country, if you've got a couple of kids in college, ...
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