When average isn’t average

By: Frederick (Diary)  |  May 11th at 12:21 PM  | 

USA Today is reporting that the average taxpayer paid just 9% of their income in taxes in 2009, the lowest level since 1950. 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. That rate is far below the historic average of | Read More »