By one measure, federal taxes lowest since 1950

posted by
February 8, 2011
Associated Press    
Posted in News, PND News

"As a share of the nation’s economy, Uncle Sam’s take this year will be the lowest since 1950, when the Korean War was just getting under way. And for the third straight year, American families and businesses will pay less in federal taxes than they did under President George W. Bush, because of a weak economy and a growing number of tax breaks for the wealthy and poor alike." [editor's note: IOW, the economy's been trashed ... and so "taxes are lower" ... on account of nobody made any money? SHEESH! - SAT] (02/08/11)  
  • And not to mention the real cost of inflation and destruction of businesses and jobs. Those are taxes as well, by any other name.

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