Thursday, April 15, 2010

Happy Tax Day!

While the Tea Party parades its notion of sore oppressed rich white people in Washington today, here are a few reminders of tax reality.

Here's a sample from the link to Campaign for America's Future:

$604
The average tax cut the working poor got in 2009 under President Obama.

$22
The average tax cut the working poor got under President Bush's tax cuts.

4.6
The percentage of income that a family of four in the exact middle of the income spectrum will pay in income taxes this year, according to the Center for Budget and Policy Priorities. That's the second-lowest percentage in the past 50 years.

10 percent
The increase in the average tax return that most working families are receiving this year due to tax cuts enacted under President Obama.

66.7 percent
The percentage of U.S.-owned corporations that paid no income tax in 2005, according to the Government Accountability Office.


Hat tip to Digby at Hullabaloo.

3 comments:

Grandmère Mimi said...

A doctor we know is crying about paying $200,000 in taxes. I am not crying with him. What must his income be to pay this amount in taxes? Barely enough to live on, I'm sure.

Ciss B said...

The bulk of the tax weight is on the middle class and the poor. I feel little sympathy for those with money.

Göran Koch-Swahne said...

As my millionaire friend says; I can afford to pay taxes!