To: dirtboy
Well--spinners can't be bothered with facts.
Just looking at "tax freedom day" since 1950 or so will give most people the understanding--since then, the tax burden has gone up so that instead of a late-February date it's now a mid-May date. That's about 3 months, or 25% of a year.
And Regs burden now requires about 8/10ths of the work-year for the average Joe to pay for the cost of REGS--safety this, "green" that, EEO this, ERISA, etc., etc.
You pay for those regs every time you buy a slice of cheese...
563 posted on
08/01/2003 10:40:58 AM PDT by
ninenot
(Torquemada: Due for Revival Soon!!!)
To: ninenot
"Just looking at "tax freedom day" since 1950 or so will give most people the understanding--since then, the tax burden has gone up so that instead of a late-February date it's now a mid-May date. That's about 3 months, or 25% of a year."
That's some really outdated data that you are relying on.
Bush's 2nd tax cut dropped federal income taxes to $45 (yes, fourty-five Dollars) per year for a family of four earning $40,000 per year.
That's an income tax freedom day of January 1.
565 posted on
08/01/2003 10:44:11 AM PDT by
Southack
(Media bias means that Castro won't be punished for Cuban war crimes against Black Angolans in Africa)
To: ninenot
re: tax freedom day.
Consider this. In 1950, tax freedom day for the wealthiest of Americans was probably in October. They were paying a 90% marginal rate. Now, taxes are more flat, and fair.
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