Quote:
Originally Posted by zimmy
We have been down this road before. The effective tax rates across the board are about as low now as any time in the last 70 years. That takes into account all deductions, loopholes, etc. It is all taxes paid divided by gross income. People can look into it. This link only goes 1979 to 2007, but the numbers haven't changed much in the last 5 years, but one could look it up here http://www.cbo.gov/sites/default/fil...edtaxrates.pdf if they wanted.
Historical Effective Federal Tax Rates for All Households
It understand it FEELS good to complain about taxes being so much higher today, but the facts don't back it up. |
Most states did not have an income tax before. Many states did not have sales taxes. Most towns did not have car taxes before (here in CT, I pay my town $900 a year in "car tax" for my 3 year old minivan and my 6 year old Accord).
We need to look at TOTAL tax rates. That's what really matters. I presume you chose not to look at total tax rates, because doing so would refute the point you were making...
Zimmy, Johnny D says his rate touched 50% recently. How does that fit into your data?