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
- In Trump’s America, is the Supreme Court still seen as legitimate?
- The Republican Plan to Repeal Obamacare for Everybody But Alaska Might Be Unconstitutional
- Parliament Square in London Is Closer to Having First Female Statue
- Battle Over Confederate Monuments Moves to the Cemeteries
- German WW1 U-boat found off Belgian coast
- Yale history department now emphasizing global history in undergraduate courses
- University of Utah appoints first Mormon Studies professor
- Eric Foner discusses the manipulation of history
- Male historian tapped to lead Department of Women, Gender and Sexuality Studies at the University of Kansas
- Decline in History Majors Continues, Departments Respond