Tax bills in 2009 at lowest level since 1950


And for the half of us who pay those taxes, averages are meaningless.

Article here.

Money quotes:

“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.

Note the source. He ought to know what’s “nuts.”

And this beaut:

A Gallup Poll last month found that 48% thought taxes were “too high” and 45% thought they were “about right.” Those saying taxes are “too high” remain near a 50-year low.

Given that nearly half of Americans aren’t paying federal taxes at all, those numbers don’t seem so out of line, now, do they? And since the percentage of Americans paying taxes is also the lowest it’s been in 50 years, I’m guessing there’s no mystery as to why the number of those saying taxes are “too high” remains near a 50-year low.

With the non-tax-paying majority running the country, if you worked hard to get where you are and can see the fruits of your labors, it’s pretty likely that somebody else is going to pick and eat that fruit for you.


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