Sunday, April 17, 2011

Misleading On Tax

SELWESKI: Taxation misinformation fools the public - dailytribune.com:

"...The blowhards won't mention that Americans' overall tax burden is at its lowest level, compared to personal income, since 1950, according to a USA Today analysis last year of federal data.

Of course, we've got a whole lot of things to pay for that we didn't have in 1950 -- Medicare, Medicaid, a huge Pentagon budget and two wars, a much more elaborate transportation and airport system, and environmental protection -- just to cite a few big-ticket items..."

I paid over 30% this year but then I have no deductions and no debt, but I still shouldn't be paying more than GE.

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