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Tuesday, May 11, 2010

Of course why let FACTS get in the way of a really good hate-on?
Posted by Jill | 7:29 PM
Especially when, as we all know, FACTS have a strong liberal bias:
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 conservative political movements such as the "Tea Party" 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 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.

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3 Comments:
Anonymous Politicartoons said...
Sure, the facts show Obama has reduced taxes, but it's not about that. They KNOW DEEP DOWN that what he REALLY wants to do is spread the wealth and kill their grandmas. You want to talk facts? Since Obama became President, Tea Party members' grandmas have either died or have gotten older. Coincidence?

Blogger Barry said...
http://abc.go.com/watch/lost/93372/260701/across-the-sea?cid=fullepisodeaccessI think the point is that between the stimulus, the bailouts, and a new, open-ended entitlement mandate, we have put ourselves into a position where higher taxes will be a necessity.

Even if Obama doesn't explicitly raise taxes, they're going up anyway. Note that the article you link to attributes the low overall tax burden to 3 things:

1. Stimulus tax credits, which will expire this year.

2. Bush tax cuts, which will expire this year.

3. Depressed wages and consumption due to the recession. (Which is nothing to be happy about, and, I believe, beginning to improve.)

Anyway, I think the writing is on the wall as to which direction taxes are going.

Anonymous Anonymous said...
My all time favorite Republican was a dairy distributor. Had nothing good to say about any Democrat.

Got up to 63. Asked his son to look at the books. In 45 years of continuous business had never paid a dime in local, state, federal or SS taxes.

Son purchased all assets. Paid mom and dad the maximum amount to qualify them for maximum SS payments and then declared bankruptcy leaving the employees unpaid and no contribution to any SS or state taxes.

Sweet, if you can look yourself in the mirror in the morning.