Tax Rate Facts

11 Jul

Washington Post has a story on tax rates.

I know that a lot of people will think that the low tax rates are a good thing, and they may be in a few ways, but these low tax rates translate into austerity political decisions, cuts in services, cuts to environmental protection, cuts to education, cuts in regulatory functions. The same folks who will cheer these low tax rates (even at the same moment that they complain about high taxes and advocate for more tax cuts) will also cheer the cuts in non-military governmental functions.

This is fine, I support free speech. I respect the right to espouse ideas, no matter how crazy they may be, but it is weird when working class and working poor, middle class folks start drinking this 1% koolaid. This is our task. Somehow we have to reach these folks and help them understand that our wildly expensive military adventures, drone murder program, kidnap and torture foreign policy are very destructive to our future as well as being morally indefensible. We have to help these folks understand that the 1% oligarchy are cooking the books as well as the globe with their planet for profit approach to the natural world.

We have to understand that taxes are necessary. Here is what George Washington had to say about taxes:

It is essential to bear in mind that toward the payment of debts there must be revenue; that to have revenue, there must be taxes; that no taxes can be devised which are not more or less inconvenient and unpleasant.

George Washington, 1796

Here is a bit of the WAPO piece. I think the facts are important. If you have questions about tax revenue and trends, read this piece.

 

 

 

In 2009, Americans paid lowest tax rates in 30 years to federal government

 

By , Published: July 10

 

Americans paid the lowest tax rates in 30 years to the federal government in 2009, in part because of tax cuts President Obama sought to combat the Great Recession, congressional budget analysts said Tuesday.

A sharp decline in income — especially among the wealthiest Americans, who pay the highest tax rates — also played a role, according to the report by the nonpartisan Congressional Budget Office. Household income fell 12 percent on average from 2007 to 2009, with income among the top 1 percent of earners decreasing by more than a third

 

 

 

 

 

Personal Pos

 

 

 

(The Washington Post/Source: Congressional Budget Office) – Average federal tax rates

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