Taxes at Lowest Level Since 1950

[babylonsister]

http://politicalwire.com/archives/2010/05/11/taxes_at_lowest_level_since_1950.html

May 11, 2010

Taxes at Lowest Level Since 1950


USA Today: "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."

[mike_c]

1. and yet real wages for the working class are also at record stagnation....

Hmmmm. Where might all that extra wealth being retained in private hands be going? Hmm?

[Oregone]

2. No shit, America is broke

Raise fuckn taxes already and cut defense spending. Fairy tale country running on magic

[elocs]

3. I remember hearing about that.

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x8312116

[ck4829]

4. Don't let facts like this get in the way of a tea party, though.