Wednesday, April 21, 2010

TAXED ENOUGH ALREADY?

Not so much, really...
Anger is High but Tax Rates Aren't
By Philip Moeller
Posted: April 21, 2010
US News & World Report

According to a recent assessment by the Urban Institute-Brookings Institution Tax Policy Center, a typical family of four will pay 4.6 percent of its income in federal income taxes this year -- the second-lowest percentage during the past 50 years. Typical households, according to Congressional Budget Office data, had a total federal tax bill of 14.2 percent of their income in 2006, the second-lowest in 30 years. Total federal taxes include income, Social Security, and Medicare taxes.

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