Saturday, May 07, 2011

Something worth knowing about taxes

I refer to the following:

Americans are paying the smallest share of their income for taxes since 1958, a reflection of tax cuts and a weak economy, a USA TODAY analysis finds.
...
The USA Today analysis shows that if tax receipts today were at the level they were through the 70′s, 80′s and 90′s, that would eliminate “one-third of the estimated $1.5 trillion federal deficit this year.”


I found this information right here.
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