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Saturday, October 20, 2012

Federal Income taxes on Middle class remains at historic lows

From Center on Budget and Priority Policies

Federal taxes on middle-income Americans are near historic lows, according to the latest available data. That’s true both for federal income taxes and total federal taxes.


  • Income taxes:  A family of four in the exact middle of the income spectrum will pay only 5.6 percent of its 2011 income in federal income taxes, according to a new analysis by the Urban Institute-Brookings Institution Tax Policy Center. [3]  Average income tax rates for these typical families have been lower during the Bush and Obama Administrations than at any time since the 1950s, as Figure 1 shows.  (As discussed below, 2009 and 2010 were particularly low because of the temporary Making Work Pay Tax Credit.)
  • Overall federal taxes:  Overall federal taxes — which include income as well as payroll and excise taxes — on middle-income households are near their lowest levels in decades, according to the latest data from the Congressional Budget Office (CBO). 
So teabaggers and Republicans what's the problem?

3 comments:

  1. They will not be happy until they pay NO taxes and become freeloaders. They will still want their wars and bombers, their roads and bridges to be safe, their firefighters and mail. They will want free school for their kids, and safe food and water. They just don't want to pay for a civil society. So we will become Third World, and be dominated by autocrats and guns. Thank you, NRA and Tea Party, for your asinine vision of America.

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  2. The problem there is more glass left to break. Maybe tonight, maybe some other night.

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  3. Did you see Hannity's interview with Palin's dad and brother promoting thier new book?

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