Thursday, April 15, 2010

ReDeux News: How's that Hopey-Changey Tax Reduction workin' for ya?

There's a "TeaBag Anti-Tax Rally" happening in Boston today; where the original Tea Party took place. The REAL Tea Partiers railed against REAL tax hikes by the British in the late 1700s.

Today however, taxes are way down most American tax-payers; including just about everyone protesting "high taxes" in Boston today.

As reported today in The Huffington Post:

The non-partisan Center for Budget and Policy Priorities reported on Wednesday that "Middle-income Americans are now paying federal taxes at or near historically low levels." How low? The average family of four right now is paying 4.6 percent of its income in federal income taxes -- the second lowest percentage in 50 years.

 

Citizens for Tax Justice, a self-described non-partisan organization, released a report on Tuesday that read: "The 2009 economic stimulus bill actually reduced federal income taxes for tax year 2009 for 98 percent of all working families and individuals." This total includes the 95 percent of working families that will or have received tax credits in the range of $400 to $800.

Excerpted from Sam Stein's blog at Huffington Post.

Posted via web from The DSpot Redeux Blog

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