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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