U.S. Tax Burden Drops to Lowest Rate Since 1950
May 12, 2010 -- "The idea that US taxes are high now is pretty much nuts," according to Michael Ettinger, head of economic policy at the liberal Center for American Progress.
He points to a new report in USA Today that says in 2009 Americans paid their lowest level of taxes since 1950. That number includes federal, state and local income, property and sales taxes.
The facts are at odds with conservative political movements such as the "Tea Party" that have criticized federal spending as being out of control. The overall tax burden hit bottom in December at 8.8% of income.
Read more about the US tax burden at US Politics Today:
IRS news - http://uspolitics.einnews.com/news/irs
Tax Foundation news - http://uspolitics.einnews.com/news/tax-foundation
US Tax Court news - http://uspolitics.einnews.com/news/tax-court
Located at http://uspolitics.einnews.com, U.S. Politics Today is a service of EIN News, a global news monitoring service for researchers and analysts. Using a combination of proprietary search technology and human editing, EIN News delivers the latest US political news from more than 7,000 news sites from around the world. The latest news updates on these topics are also available in email and RSS formats.
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He points to a new report in USA Today that says in 2009 Americans paid their lowest level of taxes since 1950. That number includes federal, state and local income, property and sales taxes.
The facts are at odds with conservative political movements such as the "Tea Party" that have criticized federal spending as being out of control. The overall tax burden hit bottom in December at 8.8% of income.
Read more about the US tax burden at US Politics Today:
IRS news - http://uspolitics.einnews.com/news/irs
Tax Foundation news - http://uspolitics.einnews.com/news/tax-foundation
US Tax Court news - http://uspolitics.einnews.com/news/tax-court
Located at http://uspolitics.einnews.com, U.S. Politics Today is a service of EIN News, a global news monitoring service for researchers and analysts. Using a combination of proprietary search technology and human editing, EIN News delivers the latest US political news from more than 7,000 news sites from around the world. The latest news updates on these topics are also available in email and RSS formats.
About EIN Presswire
The EIN Presswire press release service is a news-syndication solution that distributes news to more than 10 million visitors annually at EIN News and millions more through its press release distribution partners. A news source for journalists, decision-makers and industry professionals worldwide, EIN Presswire targets press releases to a wide array of worldwide business professionals through more than 90 industry channels. EIN Presswire also offers affiliate network opportunities and news distribution to tens of thousands of news subscribers daily. Read the press release live feed at http://www.einpresswire.com and the latest world news at http://www.einnews.com.
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