Not federal income taxes. Your state might be taxing you to high heaven, but a family of four making $40,000 per year is now only paying $48.00 per year in total federal income taxes (for a Tax Freedom Day of January 1).
The estate tax is dead (pun intended). Capital gains tax is down to 20% (or less under several circumstances). The tax on dividends is now trivial. You can now sell your home every 3 years for tax free profits (at least, federally).
So if you live in a low or no tax state, you've got enormously more freedom with your own money than you had 40, 20, or even 10 years ago.
In fact, you'd be hard-pressed to show when your taxes have ever been lower.
5 Legislative Days Left Until The AWB Expires