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Thread: Taxes reach historic low

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    Taxes reach historic low

    Well look what I found. In that bastion of socialism no less, SoCal.


    <While Republican lawmakers appear unified against tax increases and many Tea Party activists want existing rates rolled back, statistics consistently show that federal taxes are at a historic low.>


    <For the past two years, a family of four earning the median income has paid less in federal income taxes than at any time since at least 1955, according to the Tax Policy Center. All federal, state and local taxes combined are a lower percentage of per-capita income than at any time since the 1960s, according to the Tax Foundation. The highest income-tax bracket is its lowest since 1992. At 35 percent, it's well below the 50 percent mark of much of the 1980s and the 70 percent bracket of the 1970s.>

    Taxes reach historic low - News - The Orange County Register
    The haggardness of poverty is everywhere seen contrasted with the sleekness of wealth, the exhorted labor of some compensating for the idleness of others, wretched hovels by the side of stately colonnades, the rags of indigence blended with the ensigns of opulence; in a word, the most useless profusion in the midst of the most urgent wants.Jean-Baptiste Say

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    Re: Taxes reach historic low

    Quote Originally Posted by donc View Post
    Well look what I found. In that bastion of socialism no less, SoCal.


    <While Republican lawmakers appear unified against tax increases and many Tea Party activists want existing rates rolled back, statistics consistently show that federal taxes are at a historic low.>


    <For the past two years, a family of four earning the median income has paid less in federal income taxes than at any time since at least 1955, according to the Tax Policy Center. All federal, state and local taxes combined are a lower percentage of per-capita income than at any time since the 1960s, according to the Tax Foundation. The highest income-tax bracket is its lowest since 1992. At 35 percent, it's well below the 50 percent mark of much of the 1980s and the 70 percent bracket of the 1970s.>

    Taxes reach historic low - News - The Orange County Register
    what was the average tax rate on the top one percent for our country's history?



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    Re: Taxes reach historic low

    Quote Originally Posted by donc View Post
    Well look what I found. In that bastion of socialism no less, SoCal.


    <While Republican lawmakers appear unified against tax increases and many Tea Party activists want existing rates rolled back, statistics consistently show that federal taxes are at a historic low.>


    <For the past two years, a family of four earning the median income has paid less in federal income taxes than at any time since at least 1955, according to the Tax Policy Center. All federal, state and local taxes combined are a lower percentage of per-capita income than at any time since the 1960s, according to the Tax Foundation. The highest income-tax bracket is its lowest since 1992. At 35 percent, it's well below the 50 percent mark of much of the 1980s and the 70 percent bracket of the 1970s.>

    Taxes reach historic low - News - The Orange County Register
    Error post: Wrong froum
    Last edited by GPS_Flex; 04-17-11 at 10:09 PM. Reason: Too many tabs open at once

    "Too often we enjoy the comfort of opinion without the discomfort of thought."
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    Quote Originally Posted by Montecresto View Post
    It would seem that the constitution is just a god damn piece of paper, to be trotted out when expedient.

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    Re: Taxes reach historic low

    Quote Originally Posted by TurtleDude View Post
    what was the average tax rate on the top one percent for our country's history?
    What does this question have to do with the OP?
    The haggardness of poverty is everywhere seen contrasted with the sleekness of wealth, the exhorted labor of some compensating for the idleness of others, wretched hovels by the side of stately colonnades, the rags of indigence blended with the ensigns of opulence; in a word, the most useless profusion in the midst of the most urgent wants.Jean-Baptiste Say

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    Re: Taxes reach historic low

    Quote Originally Posted by GPS_Flex View Post
    Duhhhh! It's called inflation.
    This has nothing to do with inflation. We're talking about percentages.
    Nobody who wins a war indulges in a bifurcated definition of victory. War is a political act; victory and defeat have meaning only in political terms. A country incapable of achieving its political objectives at an acceptable cost is losing the war, regardless of battlefield events.

    Bifurcating victory (e.g. winning militarily, losing politically) is a useful salve for defeated armies. The "stab in the back" narrative helped take the sting out of failure for German generals after WWI and their American counterparts after Vietnam.

    All the same, it's nonsense. To paraphrase Vince Lombardi, show me a political loser, and I'll show you a loser.
    - Colonel Paul Yingling

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    Re: Taxes reach historic low

    Quote Originally Posted by StillBallin75 View Post
    This has nothing to do with inflation. We're talking about percentages.
    I agree. Percentages have nothing to do with inflation.

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    Re: Taxes reach historic low

    Quote Originally Posted by donc View Post
    What does this question have to do with the OP?
    Because the wealthiest Americans pay way more in taxes than the ops family example would. And that is who Obama is targeting, the job creators. I can't speak for anyone else, but I've never signed employment papers for anyone worth less than 2 million dollars. That would be those top income earners Obama wants to tax the **** out of.

    Its very misleading to talk about tax rates being low for a bracket that pays very little tax as a whole. So rather than duck the question, why not answer it?
    Last edited by dontworrybehappy; 04-17-11 at 10:08 PM.

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    Re: Taxes reach historic low

    Quote Originally Posted by StillBallin75 View Post
    This has nothing to do with inflation. We're talking about percentages.
    Yep, my comment wasn’t intended for this thread. My bad.

    "Too often we enjoy the comfort of opinion without the discomfort of thought."
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    Quote Originally Posted by Montecresto View Post
    It would seem that the constitution is just a god damn piece of paper, to be trotted out when expedient.

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    Re: Taxes reach historic low

    Quote Originally Posted by donc View Post
    What does this question have to do with the OP?
    duh-historic lows were for most of our country's history. the tax rates today are hardly historic lows



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    Re: Taxes reach historic low

    Quote Originally Posted by GPS_Flex View Post
    Yep, my comment wasn’t intended for this thread. My bad.
    it's all good dude, just makin sure.
    Nobody who wins a war indulges in a bifurcated definition of victory. War is a political act; victory and defeat have meaning only in political terms. A country incapable of achieving its political objectives at an acceptable cost is losing the war, regardless of battlefield events.

    Bifurcating victory (e.g. winning militarily, losing politically) is a useful salve for defeated armies. The "stab in the back" narrative helped take the sting out of failure for German generals after WWI and their American counterparts after Vietnam.

    All the same, it's nonsense. To paraphrase Vince Lombardi, show me a political loser, and I'll show you a loser.
    - Colonel Paul Yingling

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