Wednesday, May 12, 2010

SHOULD I BELIEVE YOU OR MY LYIN’ EYES?
Federal, state and local taxes — including income, property, sales and other taxes — consumed 9.2% of all personal income in 2009, the lowest rate since 1950, the Bureau of Economic Analysis reports.
I’ll believe my lyin’ eyes, thank you very much. Even though the wife and I have already partially ‘gone Galt’, our monthly state and federal taxes - alone, excluding FICA - are well above the quoted 9.2% (and yes, I do know how to do percentages).

If I look at all taxes from our 2009 tax return data, the percentage is roughly double; triple including FICA and Medicare; more if sales taxes are included -- and we can’t claim even being close to Obama’s evil rich earning $250K or more.

Linked from JammieWearingFool.

No comments:

Post a Comment