Today's taxes lowest in 60 years
"Yes, while we demand tax cuts, we're actually paying less, as a percentage of income, than ever before. And we're doing it while soldiers are fighting."
"As Republicans and Democrats continue to bicker over who should be taxed and how much, one fact rarely gets mentioned: Most Americans today pay less in federal income taxes than they have in 60 years, and far less than they have during other wars.
This is particularly true for the wealthy: By 2007, the richest 400 Americans paid an average of 16.6% in income taxes, thanks to exemptions and low capital-gains taxes, far less than the same group had paid decades ago and well below the 26.4% that group had been taxed only 15 years earlier."
"Overall, taxes are very low right now," said Chuck Marr, the director of federal tax policy at the Center on Budget and Policy Priorities, a nonpartisan Washington, D.C., research group. In addition, "you have this tremendous shift (of wealth) in the United States to high-income people."
Today's taxes lowest in 60 years - 1 - money & politics - MSN Money