Wednesday, April 14, 2010

Some Real Data for Tax Day


Sarah Palin is so 1980s.  If she is really against taxes, you would think she would be congratulating President Obama for his HUGE tax cut last year.  Instead, she continues to try to convince the uninformed that Democrats support higher taxes on the middle class.


Here's the reality:


Income taxes: A family of four in the exact middle of the income spectrum will pay only 4.6 percent of its income in federal income taxes this year, according to a new analysis by the Urban Institute-Brookings Institution Tax Policy Center.  This is the second-lowest percentage in the past 50 years.


Overall federal taxes: Middle-income households are paying overall federal taxes — which include income as well as payroll and excise taxes — at or near their lowest levels in decades, according to the latest data from the Congressional Budget Office (CBO).

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