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.

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