More lies from lying Jay Severin, the liar

Didn’t have the recorder set up for this one so I can’t provide the full transcript, but on Wednesday, October 15, between 3:30 and 4:30 pm, Jay Severin made a couple statements that are – to use one of his favorite terms – demonstrably false.

Lie #1: Barack Obama’s plan for higher taxes only for those making $250,000 or more would apply to any small business with more than $250,000 in gross receipts.

Truth #1: The $250,000 level refers to personal income. While it’s true that small business EARNINGS are treated as wages for sole proprietorships and S-corporations, the amount of gross receipts has nothing to do with income tax calculations. This is spelled out clearly on Barack Obama’s web site:

As a small business owner who claims small business income on your individual tax return (whether through a sole proprietorship, partnership, or S-corp) you pay individual income taxes only on your net income — or profit — and not on your firm’s gross revenue. Accordingly, when Obama says that he would roll back the Bush tax cuts for all couples earning more than $250,000 a year, these income figures include only net income that a small business owner takes home. Because net income is usually far lower than gross revenue, even if your revenue is above $250,000 you are still likely to get a tax cut under Obama’s tax plan.

For more details on Obama’s tax plan, check out this fact sheet.

Lie #2: Barack Obama has refused to release his birth certificate.

Truth #2: His birth certificate is also on his web site. And now it’s on my web site, too:

So what’s your defense, Jay? That Barack Obama is putting false information on his web site and that no other major media outlet has called him on it? I don’t think so, Jay. Stop lying.