Stop your complaining, you don’t pay enough taxes:
Amid complaints about high taxes and calls for a smaller government, Americans paid their lowest level of taxes last year since Harry Truman’s presidency, a USA TODAY analysis of federal data found.
Some conservative political movements such as the “Tea Party” have criticized federal spending as being out of control. While spending is up, taxes have fallen to exceptionally low levels.
Federal, state and local taxes — including income, property, sales and other taxes — consumed 9.2% of all personal income in 2009, the lowest rate since 1950, the Bureau of Economic Analysis reports. That rate is far below the historic average of 12% for the last half-century. The overall tax burden hit bottom in December at 8.8.% of income before rising slightly in the first three months of 2010.
Of course, USA Today doesn’t bring up the Democrats anti-business agenda or the fact that that if they raise taxes they will further diminish the amount of money the government takes in.
Yeah, but it’s only so they can get a bailout when they fail.
I read this article earlier today. They were still insisting that the “Make Work Pay” thing was a tax cut. They also failed to mention that about 15 million people had to pay it back.
I wonder if they are averaging the numbers to include the 47% who pay no taxes. That brings the percentage down considerably but means the other 53% are getting raped.
@Matt: USA Today:”If it doesn’t fit the story, leave it out.”
@Robert: I’m sure they are- That is the only way to make the numbers work. Also, with 10% unemployment and the widespread underemployment, taxes paid are bound to go down.
@Snarky Basterd: Great point Snarky.