USAToday.com: Tax bills in 2009 at lowest level since 1950

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USAToday.com: Tax bills in 2009 at lowest level since 1950

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.
No one wants to pay taxes, but if you listen to the conservative rhetoric, you'd think that we're being taxed at the highest rate ever.  But it's not so.

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This page contains a single entry by MT published on May 12, 2010 10:20 AM.

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