Obama will explain the tax system.

Tax cut for 95% of Americans?

Only 40% of us pay taxes.

Wait a minute.

First he was talking about people who make above or below 200K. Now he's talking about businesses making above or below 200K.

Well this cinches it for me. He really doesn't understand taxes. Business taxes and personal income taxes are not the same.

Fortunately, for Obama, most Americans probably share his ignorance.