Sunday, August 01, 2010

More right wing populist pandering about taxes.

Zakaria: Raise My Taxes, Mr. President! - Newsweek

The idea that the average American is overtaxed is a nice piece of populist pandering. In fact, federal taxes as a percentage of the economy are at their lowest level since the presidency of Harry Truman. Chuck Marr and Gillian Brunet of the Center on Budget and Policy Priorities have calculated that a family of four at the exact middle of the income spectrum will pay only 4.6 percent of its income in taxes. Remember, almost half of the country pays no income taxes at all. The top 3 percent of Americans contribute almost 50 percent of federal income taxes.

And largely because we've squeezed the bottom wage earners so hard over the past 30 years that they don't have the money anyway. Maybe the media are waking up?

Hmm. Survey says?


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