July 12, 2012

WHINGEING DETACHED FROM REALITY:

Federal tax rates at lowest level in 30 years (Star Telegram, Jul. 11, 2012)

[A]t the very moment anti-tax protesters were emerging as the most powerful force in American politics, handing Republicans landslide control of the U.S. House, the data show that people were sending the smallest portion of their income to the federal government since 1979.

During Obama's first year in office, the average tax rate paid by all households fell to 17.4 percent, down from 19.9 percent in 2007, according to the CBO. The 2009 rate was significantly lower than the previous low of 19.4 percent in 2003 and well below the 30-year average of 21 percent.

Posted by at July 12, 2012 5:58 AM
  

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