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Thread: Tax bills in 2009 at lowest level since 1950

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    Tax bills in 2009 at lowest level since 1950

    Tax bills in 2009 at lowest level since 1950 - USATODAY.com

    Federal, state and local taxes — including income, property, sales and other taxes — consumed 9.2% of all personal income in 2009, the lowest rate since 1950, the Bureau of Economic Analysis reports. That rate is far below the historic average of 12% for the last half-century. The overall tax burden hit bottom in December at 8.8.% of income before rising slightly in the first three months of 2010.
    That damned Democratic Confiscatory Tax Scheme! Rising slightly above the lowest levels in 50 years...
    He touched her over her bra and underpants, she says, and guided her hand to touch him over his underwear
    Quote Originally Posted by Lutherf View Post
    We’ll say what? Something like “nothing happened” ... Yeah, we might say something like that.

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    Re: Tax bills in 2009 at lowest level since 1950

    Quote Originally Posted by Deuce View Post
    Tax bills in 2009 at lowest level since 1950 - USATODAY.com



    That damned Democratic Confiscatory Tax Scheme! Rising slightly above the lowest levels in 50 years...

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    Re: Tax bills in 2009 at lowest level since 1950

    Quote Originally Posted by Deuce View Post
    Tax bills in 2009 at lowest level since 1950 - USATODAY.com



    That damned Democratic Confiscatory Tax Scheme! Rising slightly above the lowest levels in 50 years...
    Removing all politics (I know, I know, don't let facts get in the way of real "outrage"), there has been no huge changes in tax law since Obama took office. There was a small tax cut for most people early on and some business tax credits, but no increases for anyone. Combine that with a crappy economy, high unemployment, foreclosures, and lower housing prices and VIOLA! Fewer income tax receipts at all levels, less sales tax paid and less property taxes collected. You don't have to be an economist to see that the amount of taxes paid, on average, was heading south.
    Wow. Am I awesome or what?

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    Re: Tax bills in 2009 at lowest level since 1950

    Quote Originally Posted by Deuce View Post
    Tax bills in 2009 at lowest level since 1950 - USATODAY.com



    That damned Democratic Confiscatory Tax Scheme! Rising slightly above the lowest levels in 50 years...
    You seem almost excited that we're at a 60-year low in terms of the tax bills, and have blown the roof off of all spending and deficit records.

    I guarantee that future Deuce will not be as impressed as present Deuce.

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    Re: Tax bills in 2009 at lowest level since 1950

    Quote Originally Posted by Taylor View Post
    You seem almost excited that we're at a 60-year low in terms of the tax bills, and have blown the roof off of all spending and deficit records.

    I guarantee that future Deuce will not be as impressed as present Deuce.
    Almost excited? No, not really. The point I'm trying to make is that people complaining about CONFISCATORY TAX POLICIES are, well, nuts. We have people protesting in the streets about "high taxes" when these very people are paying the lowest taxes they ever have in their lifetimes. Why? It's irrational. "High taxes" don't even exist right now, let alone high taxes that are brought on by the Obama administration.

    With taxes so low right now, the economy should be booming, right? That's the standard line. Cut taxes to spur growth! We did that. Over and over. Look where we are.

    Present Deuce is not impressed.
    He touched her over her bra and underpants, she says, and guided her hand to touch him over his underwear
    Quote Originally Posted by Lutherf View Post
    We’ll say what? Something like “nothing happened” ... Yeah, we might say something like that.

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    Re: Tax bills in 2009 at lowest level since 1950

    Quote Originally Posted by stekim View Post
    Removing all politics (I know, I know, don't let facts get in the way of real "outrage"), there has been no huge changes in tax law since Obama took office. There was a small tax cut for most people early on and some business tax credits, but no increases for anyone. Combine that with a crappy economy, high unemployment, foreclosures, and lower housing prices and VIOLA! Fewer income tax receipts at all levels, less sales tax paid and less property taxes collected. You don't have to be an economist to see that the amount of taxes paid, on average, was heading south.
    Not to mention the tax law reamining primarily the same is in essense saying that the Bush Tax cuts are still in effect. These tax cuts however are looking to expire here at the end of the year to my understanding. The continued comment and view of conservatives that "The democrats are going to raise taxes" largely is based on the notion that part of, if not all, of the Bush Tax Cuts will not be extended.

    Add Bush's Tax Cuts, mixed with numerous One Time tax credits, and an extremely poor and sluggish economy and employment situation and yeah, this isn't that surprising. If anything its a sad conflagration that will give cover for the coming argument to likely allow the Bush Tax Cuts to expire, or at least partially expire, so as to get tax revenue back up.

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    Re: Tax bills in 2009 at lowest level since 1950

    What do you expect with so many unemployed and democrats making it so almost half of the country pays no Federal income tax? Get back to me in 2 years when Bush tax cuts expire and Obama raising taxes takes hold

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    Re: Tax bills in 2009 at lowest level since 1950

    Quote Originally Posted by Zyphlin View Post
    Not to mention the tax law reamining primarily the same is in essense saying that the Bush Tax cuts are still in effect. These tax cuts however are looking to expire here at the end of the year to my understanding. The continued comment and view of conservatives that "The democrats are going to raise taxes" largely is based on the notion that part of, if not all, of the Bush Tax Cuts will not be extended.
    For the rich (however that is defined by those who decide such things) the cuts will likely not be extended. I think that is a given. And, of course, Obama will say he didn't raise taxes. He simply let the existing law, written and passed by Republicans, take its course. To me it's raising taxes, but whatever. And very few people will cry about the rich paying what they were paying in 2000. And, factually, we DO need more revenue. We also need to drastically cut spending. If we don't the world bond market will make us anyway, so it's best to start in early.
    Wow. Am I awesome or what?

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    Re: Tax bills in 2009 at lowest level since 1950

    Quote Originally Posted by Zyphlin View Post
    Not to mention the tax law reamining primarily the same is in essense saying that the Bush Tax cuts are still in effect. These tax cuts however are looking to expire here at the end of the year to my understanding. The continued comment and view of conservatives that "The democrats are going to raise taxes" largely is based on the notion that part of, if not all, of the Bush Tax Cuts will not be extended.

    Add Bush's Tax Cuts, mixed with numerous One Time tax credits, and an extremely poor and sluggish economy and employment situation and yeah, this isn't that surprising. If anything its a sad conflagration that will give cover for the coming argument to likely allow the Bush Tax Cuts to expire, or at least partially expire, so as to get tax revenue back up.
    Reality really does have a liberal bias.
    He touched her over her bra and underpants, she says, and guided her hand to touch him over his underwear
    Quote Originally Posted by Lutherf View Post
    We’ll say what? Something like “nothing happened” ... Yeah, we might say something like that.

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