Originally posted by travlin'easy:
I'm going to work now so I can earn enough money to pay this week's taxes.
Gary
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Middle-income Americans are now paying federal taxes at or near historically low levels, according to the latest available data. That¡¯s true whether it comes to their federal income taxes or their total federal taxes.
¡öIncome 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.
¡ö Overall federal taxes: Middle-income households are paying overall federal taxes ¡ª which include income as well as payroll and excise taxes ¡ª at or near their lowest levels in decades, according to the latest data from the Congressional Budget Office (CBO).
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Souce:
http://www.cbpp.org/cms/index.cfm?fa=view&id=3151 Just more liberal media bias, I guess.
chas