Complaints Aside, Most Face Lower Tax Burden Than in 1980Breaking News
...[M]ost Americans in 2010 paid far less in total taxes — federal, state and local — than they would have paid 30 years ago. According to an analysis by The New York Times, the combination of all income taxes, sales taxes and property taxes took a smaller share of their income than it took from households with the same inflation-adjusted income in 1980.
Households earning more than $200,000 benefited from the largest percentage declines in total taxation as a share of income. Middle-income households benefited, too. More than 85 percent of households with earnings above $25,000 paid less in total taxes than comparable households in 1980.
Lower-income households, however, saved little or nothing. Many pay no federal income taxes, but they do pay a range of other levies, like federal payroll taxes, state sales taxes and local property taxes. Only about half of taxpaying households with incomes below $25,000 paid less in 2010....
comments powered by Disqus
- The six-day war: why Israel is still divided over its legacy 50 years on
- "Space archaeology" transforms how ancient sites are discovered
- A military cemetery whose African American history is hidden in plain sight in Philadelphia
- Texas Senate increases education board's textbook veto power
- The Secret Transcripts of the Six-Day War
- AHA joins protest of Trump’s plan for drastic cuts to the NEH
- Diane Ravitch says the Democrats paved the way for the education secretary's efforts to privatize our public schools
- Mark Moyar explains why he came to believe the Vietnam War was winnable
- How should Texas high schoolers learn history?
- What's the 'greatest witch hunt of a politician in American history’?