{"id":5379,"date":"2011-09-09T12:59:33","date_gmt":"2011-09-09T19:59:33","guid":{"rendered":"http:\/\/www.newscorpse.com\/ncWP\/?p=5379"},"modified":"2011-09-09T13:42:47","modified_gmt":"2011-09-09T20:42:47","slug":"idiot-fox-bill-oreilly-doesnt-know-what-income-taxes-are","status":"publish","type":"post","link":"https:\/\/www.newscorpse.com\/ncWP\/?p=5379","title":{"rendered":"IDIOT FOX: Bill O’Reilly Doesn’t Know What Income Taxes Are"},"content":{"rendered":"

In an analysis of Barack Obama’s speech before congress last night, Bill O’Reilly invited Obama’s press secretary, Jay Carney, to the program to discuss the speech<\/a> and its proposals. As usual, O’Reilly demonstrated his immense capacity for misunderstanding even the simplest concepts. He also reminded us of why no Democrat should EVER appear on his show. Here is how Fox Nation is reporting the exchange:<\/p>\n

\"Fox<\/center>
\n<\/p>\n

Technically, if Carney has been knocked into next week, then he’s ahead of the rest of us. Which is far better than living in the past like O’Reilly whose crusty and outdated approach to issues has proven to have failed unambiguously.<\/p>\n

Much of the conservative media is disseminating the same absurd and false argument that O’Reilly made. The part of the interview that is making the rounds amongst the right-wingers this morning revolves around the example Obama gave of the inherent unfairness in the tax code:<\/p>\n

“Right now Warren Buffett pays a lower tax rate than his secretary \u2014 an outrage he has asked us to fix.”<\/p><\/blockquote>\n

That is an objectively true statement. But that didn’t stop O’Reilly from pouncing on it with a fierce conviction of his righteousness as he demanded that…<\/p>\n

“You’ve got to stop with Warren, OK? Warren is 88 years old or something. He says his secretary pays more tax. It’s not true. He’s talking about two different things. […] He’s talking about capital gains, Warren Buffett. The secretary pays federal income taxes, it’s two different taxes. But Warren and the president are trying to fool us. Stop it.”<\/p><\/blockquote>\n

Actually, the difference between earnings derived from capital gains and those derived from labor is immaterial with regard to reporting income. They are both subject to income taxes<\/strong>, (albeit at different rates) and are both reported as income<\/strong> on an income tax<\/strong> return. As can be clearly seen here:<\/p>\n

\"Income<\/center>
\n<\/p>\n

So contrary to O’Reilly’s lunk-headed theories, anyone who receives income, whether from capital gains or wages, pays federal income taxes. For O’Reilly and the rest of the right-wingnuts to deny it is foolish and\/or dishonest. The points that both Obama and Buffett are making is that different types of income<\/strong> are being taxed at different rates and that the result is one that favors the rich.<\/p>\n

The tax benefits enjoyed by wealthy folks like O’Reilly were put in place by legislators who respond to big donations from the very people who will receive the benefit. It is not surprising to hear O’Reilly and other elitist media pundits defend that system of reward. What is surprising (and sad) is that there are so many deluded, middle-class citizens who have allowed themselves to become lackeys of the master-class. The Tea Party is a pathetic example of the doctrine of the “useful idiot”<\/em> who can be exploited to work on behalf of policies that are demonstrably harmful to their own interests.<\/p>\n

Hopefully the ever more transparent greed of the 1% of the population that is hoarding most of the nation’s wealth will motivate the majority to rise up in opposition to the unfairness of the current situation. This is the time to make your voice heard. Your representatives and your local media need to know what the people are thinking. They can’t read minds. So do them and yourselves a favor and speak up – NOW!<\/p>\n","protected":false},"excerpt":{"rendered":"

In an analysis of Barack Obama’s speech before congress last night, Bill O’Reilly invited Obama’s press secretary, Jay Carney, to the program to discuss the speech and its proposals. As usual, O’Reilly demonstrated his immense capacity for misunderstanding even the simplest concepts. He also reminded us of why no Democrat should EVER appear on his […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[219,1,8,16],"tags":[183,26,33,386,407,422],"class_list":["post-5379","post","type-post","status-publish","format-standard","hentry","category-economy","category-general","category-propaganda","category-wankery","tag-barack-obama","tag-bill-oreilly","tag-fox-news","tag-jay-carney","tag-taxes","tag-warren-buffett"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p4Ijg-1oL","jetpack-related-posts":[{"id":4213,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=4213","url_meta":{"origin":5379,"position":0},"title":"Bill O’Reilly: King Pinhead Reclaims His Crown","author":"Mark NC","date":"4\/9\/2011","format":false,"excerpt":"Bill O'Reilly used his weekly column this week to pump up his departing pal, Glenn Beck. Somehow I don't think his heart was really in it because his argument was barely coherent. And why not? He does stand to regain his throne as the predominant Fox News bloviator after Beck\u2026","rel":"","context":"In "General"","block_context":{"text":"General","link":"https:\/\/www.newscorpse.com\/ncWP\/?cat=1"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1040,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=1040","url_meta":{"origin":5379,"position":1},"title":"Barack Obama To Do It Live With Bill O’Reilly","author":"Mark NC","date":"9\/2\/2008","format":false,"excerpt":"Earlier today Michael Wolff of Vanity Fair published his account of a meeting between Rupert Murdoch, Roger Ailes, and Barack Obama, wherein a peace accord was allegedly struck. Then, on tonight's O'Reilly Factor, Bill O'Reilly announced that he will be interviewing Obama on his program this Thursday. That was fast.\u2026","rel":"","context":"In "Election"","block_context":{"text":"Election","link":"https:\/\/www.newscorpse.com\/ncWP\/?cat=152"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1038,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=1038","url_meta":{"origin":5379,"position":2},"title":"Bill O’Reilly’s Favorite Outrageous Things","author":"Mark NC","date":"9\/1\/2008","format":false,"excerpt":"The bottomless fount of hilarity that is Bill O'Reilly has erupted once again. After MSNBC displayed humorous text on screen during a story about John McCain's inability to remember how many houses he owns, Bill O'Reilly went nuts declaring that it was... \"...one of the most outrageous things that I've\u2026","rel":"","context":"In "Election"","block_context":{"text":"Election","link":"https:\/\/www.newscorpse.com\/ncWP\/?cat=152"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3817,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=3817","url_meta":{"origin":5379,"position":3},"title":"Stupor Bowl: Obama vs O’Reilly","author":"Mark NC","date":"2\/6\/2011","format":false,"excerpt":"This is what happens when you let a non-journalist attempt to conduct an interview with a national leader. Bill O'Reilly opened the interview with Barack Obama by thanking him for saving the lives of a couple of Fox News reporters. That, in and of itself, is a perfectly appropriate comment.\u2026","rel":"","context":"In "General"","block_context":{"text":"General","link":"https:\/\/www.newscorpse.com\/ncWP\/?cat=1"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":11355,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=11355","url_meta":{"origin":5379,"position":4},"title":"Wrong Again! Bill O’Reilly’s State Of The Union Prediction Fails","author":"Mark NC","date":"1\/30\/2014","format":false,"excerpt":"The biggest ego on cable news is fond of propping himself up and exalting his intellect and insight. Unfortunately, Bill O'Reilly is so often wrong that he becomes a parody of himself. Be Sure To \u201cLIKE\u201d News Corpse On Facebook On his program Monday night, O'Reilly embarked on a mission\u2026","rel":"","context":"In "General"","block_context":{"text":"General","link":"https:\/\/www.newscorpse.com\/ncWP\/?cat=1"},"img":{"alt_text":"Bill O'Reilly","src":"https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/FoxNews\/foxnews-oreilly-sotu.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":887,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=887","url_meta":{"origin":5379,"position":5},"title":"Hillary Clinton To Suck Up To Bill O’Reilly","author":"Mark NC","date":"4\/29\/2008","format":false,"excerpt":"Hillary Clinton is following in the futile steps of Barack Obama after his appearance on Fox News Sunday. My analysis of that affair applies in spades to Clinton's announcement that she will fraternize with the noxious Bill O'Reilly this Wednesday. This is what I said about Obama's lapse in judgment:\u2026","rel":"","context":"In "Election"","block_context":{"text":"Election","link":"https:\/\/www.newscorpse.com\/ncWP\/?cat=152"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=\/wp\/v2\/posts\/5379","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5379"}],"version-history":[{"count":5,"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=\/wp\/v2\/posts\/5379\/revisions"}],"predecessor-version":[{"id":5383,"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=\/wp\/v2\/posts\/5379\/revisions\/5383"}],"wp:attachment":[{"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5379"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5379"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5379"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}