Thursday, September 30, 2010

Wah wah wah, my taxes are too high

There's a reason a knowledge of history is important:

“Amid complaints about high taxes and calls for a smaller government, Americans paid their lowest level of taxes last year since Harry Truman's presidency, a USA TODAY analysis of federal data found.

Some political conservatives such as "Tea Party" activists have criticized federal spending as being out of control. While spending is up, taxes have fallen to exceptionally low levels.
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 (BEA) reports. That rate is far below the historic average of 12% for the past 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.”


ahtitan said...

That would require Tea Partiers to do outrageous things like "read" and "not watch Fox News." How dare you, sir!

Eric Haas said...

I have no idea whether my taxes are lower now than they would have been 25 or 50 years ago, but I don’t believe that 9.2% figure. Just state and federal income tax alone were 12.8% of my income in 2008 and 12.3% in 2009. They must be including a lot of wealthy people who pay no income taxes at all.