USA Today reported that, according to the Bureau of Economic Analysis, the total tax burden on the average American in 2009 was the lowest since 1950. Total tax means income tax, property tax, sales tax, etc., net of all deductions and credits. It does not include Social Security taxes. Certainly, it's a different world today than in Harry Truman's time, but the BEA said last year's total tax of 9.2% of income is well below the historical average of 12%, and has been falling for the past 2 years. Some of this recent decrease results from stimulus bill tax cuts, drops in personal incomes, and fewer retail sales, so the BEA report is not all beer and skittles. Still, it ain't all bad either. So tell me again what those idiot TEA Baggers are so fuckin' mad about?
No comments:
Post a Comment