Friday, January 20, 2012

OK, So How High Are Your Federal Taxes?

"Together, all federal taxes equaled 14.4 percent of the nation’s economic output last year, lowest level since 1950. Add state and local taxes, and the share nearly doubles, to about 27 percent, according to the Tax Policy Center in Washington--still lower than at almost any other point in the last 40 years."

--New York Times story today

(There's also this one: "This disconnect between what we pay and what we think we pay is nothing less than one of the country’s biggest economic problems.")

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