Something For The Deficit Reduction Commission To Consider

May 13th, 2010at 07:23am Posted by Eli

I mean, instead of cutting Social Security, which seems to be pretty much their raison d’etre:

Federal, state and local income 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.

Just so’s you know.  Because the conservatives and the deficit commission don’t seem to.

(h/t Taegan Goddard by way of Stan Collender by way of Peterr)

Entry Filed under: Economy,Politics


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