Taxes Under Obama Hit Lowest Level Since 1950

[Truthseeker420]

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.


"The idea that taxes are high right now is pretty much nuts," says Michael Ettlinger, head of economic policy at the liberal Center for American Progress.

That conclusion echoed a similar finding from the Center on Budget and Policy Priorities last month. CBPP found


Middle-income Americans are now paying federal taxes at or near historically low levels, according to the latest available data. That's true whether it comes to their federal income taxes or their total federal taxes.

Tea Parties Rage as Taxes Hit Lowest Level Since 1950 | Crooks and Liars

 

[Truthmatters]

Faux just lies to them and they are too stupid to check the facts themselves

 

[SniperFire]

Deficit spending is a tax, albeit deferred.

 

[Charles_Main]

Faux just lies to them and they are too stupid to check the facts themselves

Oh the Irony.

 

[uscitizen]

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.


"The idea that taxes are high right now is pretty much nuts," says Michael Ettlinger, head of economic policy at the liberal Center for American Progress.

That conclusion echoed a similar finding from the Center on Budget and Policy Priorities last month. CBPP found


Middle-income Americans are now paying federal taxes at or near historically low levels, according to the latest available data. That's true whether it comes to their federal income taxes or their total federal taxes.

Tea Parties Rage as Taxes Hit Lowest Level Since 1950 | Crooks and Liars

but , but Obamastain is a kenyan commie!

 

[Truthseeker420]

Deficit spending is a tax, albeit deferred.

That's why we need to cut the military budget in half,pass single payer and stop corporate welfare.

 

[SniperFire]

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.


"The idea that taxes are high right now is pretty much nuts," says Michael Ettlinger, head of economic policy at the liberal Center for American Progress.

That conclusion echoed a similar finding from the Center on Budget and Policy Priorities last month. CBPP found


Middle-income Americans are now paying federal taxes at or near historically low levels, according to the latest available data. That's true whether it comes to their federal income taxes or their total federal taxes.

Tea Parties Rage as Taxes Hit Lowest Level Since 1950 | Crooks and Liars

but , but Obamastain is a kenyan commie!

You got that right. Borrowing and spending to create 'demand' is a disaster.

Are you aware that deficit spending is a deferred tax on the Screwed Generation?

 

[Charles_Main]

Deficit spending is a tax, albeit deferred.

That's why we need to cut the military budget in half,pass single payer and stop corporate welfare.

LOL, Yeah It Defense spending causing the Problem, Nothing else.

 

[Truthseeker420]

Deficit spending is a tax, albeit deferred.

That's why we need to cut the military budget in half,pass single payer and stop corporate welfare.

LOL, Yeah It Defense spending causing the Problem, Nothing else.

no just one of the biggest WASTE of money.

 

[SniperFire]

That's why we need to cut the military budget in half,pass single payer and stop corporate welfare.

LOL, Yeah It Defense spending causing the Problem, Nothing else.

no just one of the biggest WASTE of money.

LOL

You have an idiots grasp of history and human nature.

 

[CrusaderFrank]

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.


"The idea that taxes are high right now is pretty much nuts," says Michael Ettlinger, head of economic policy at the liberal Center for American Progress.

That conclusion echoed a similar finding from the Center on Budget and Policy Priorities last month. CBPP found


Middle-income Americans are now paying federal taxes at or near historically low levels, according to the latest available data. That's true whether it comes to their federal income taxes or their total federal taxes.

Tea Parties Rage as Taxes Hit Lowest Level Since 1950 | Crooks and Liars

"...recession has battered Americans' incomes and slashed sales tax revenue"

From the unread article from May, 2010

 

[DiamondDave]

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.


"The idea that taxes are high right now is pretty much nuts," says Michael Ettlinger, head of economic policy at the liberal Center for American Progress.

That conclusion echoed a similar finding from the Center on Budget and Policy Priorities last month. CBPP found


Middle-income Americans are now paying federal taxes at or near historically low levels, according to the latest available data. That's true whether it comes to their federal income taxes or their total federal taxes.

Tea Parties Rage as Taxes Hit Lowest Level Since 1950 | Crooks and Liars

Bullshit number...

Those not paying any income tax help skew it...

But as a good wage earner in MD, I can say that with ALL taxation included, it is now over 50% of my income when you add it all up...

Lets see what would happen if every citizen were taxed at that same rate.. why, there would be a call for less taxation

 

[oreo]

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.


"The idea that taxes are high right now is pretty much nuts," says Michael Ettlinger, head of economic policy at the liberal Center for American Progress.

That conclusion echoed a similar finding from the Center on Budget and Policy Priorities last month. CBPP found


Middle-income Americans are now paying federal taxes at or near historically low levels, according to the latest available data. That's true whether it comes to their federal income taxes or their total federal taxes.

Tea Parties Rage as Taxes Hit Lowest Level Since 1950 | Crooks and Liars

SO WHAT--Obama's trickle down government has been an epic FAILURE. We are at 8.3% stated unemployment with 11% real unemployment if you count those that have run out of unemployment benefits. 1 in 5 families are now living below the poverty line--there are 46 million Americans receiving food stamps--and Obama has spent more treasure in 3-1/2 years than any other 2 term President in United States history.

"When you don't have a record to run on, you need to paint your opponent as someone people should run from"--Barack Obama

 

[uscitizen]

Deficit spending is a tax, albeit deferred.

That's why we need to cut the military budget in half,pass single payer and stop corporate welfare.

LOL, Yeah It Defense spending causing the Problem, Nothing else.

It has grown at about as fast of a rate as anything else in the last decade or so.
And the military budget did not even include the war costs nor veterans stuff.

 

[Truthseeker420]

LOL, Yeah It Defense spending causing the Problem, Nothing else.

no just one of the biggest WASTE of money.

LOL

You have an idiots grasp of history and human nature.

 

[Eaglewings]

That's why we need to cut the military budget in half,pass single payer and stop corporate welfare.

LOL, Yeah It Defense spending causing the Problem, Nothing else.

no just one of the biggest WASTE of money.

Well said. I feel for a short time all Americans were united together after the 911 terrorist attack, I actully liked Bush going into groud zero ~~~~ well we know what happened after thAt Bush used the american people to go into a war and we were cheering until we saw he was going into the place opposite of where bin laden was...What a idiot Yep the Righties really love their big Military spending..

 

[M14 Shooter]

We can only thank The Obama for forcing the Dem-controlled congress to pass His tax cuts for the rich.

 

[francoHFW]

???? Any way, time to tax the bloated rich a bit more now.

 

[M14 Shooter]

???? Any way, time to tax the bloated rich a bit more now.

Yes - so that the Democrats do not lose their voter base!

 

[M14 Shooter]

LOL, Yeah It Defense spending causing the Problem, Nothing else.

no just one of the biggest WASTE of money.

Well said. I feel for a short time all Americans were united together after the 911 terrorist attack, I actully liked Bush going into groud zero ~~~~ well we know what happened after thAt Bush used the american people to go into a war and we were cheering until we saw he was going into the place opposite of where bin laden was...What a idiot Yep the Righties really love their big Military spending..

The war in Iraq, and the need to go to war in Iraq, was happily supported by any number of prominent Democrats, including at least three that you voted for (if you were old enoughj, anyway).