Saturday, May 22, 2010

USA Today: Tax Bills in 2009 at Lowest Level Since 1950

Although you'd never know it thanks to the ineffective media and the ill-informed extremists on the front pages, income taxes are currently quite low from an historical perspective:
Federal, state and local income 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.
A recent article from USA today gives further details. Sorry, extremists, sometime the facts just won't conform to your agenda.

Wednesday, May 12, 2010

Quote of the Day

"It is not the critic who counts; not the man who points out how the strong man stumbles, or where the doer of deeds could have done them better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood; who strives valiantly; who errs, who comes short again and again, because there is no effort without error and shortcoming; but who does actually strive to do the deeds; who knows great enthusiasms, the great devotions; who spends himself in a worthy cause; who at the best knows in the end the triumph of high achievement, and who at the worst, if he fails, at least fails while daring greatly, so that his place shall never be with those cold and timid souls who neither know victory nor defeat."

-Theodore Roosevelt