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TalkingDog

(9,001 posts) Thu Jul 12, 2012, 06:25 AM Jul 2012

CBO report shows Americans paid historic low tax rates during Obama's first year in office.

http://slatest.slate.com/posts/2012/07/11/record_low_taxes_in_2009_americans_paid_lowest_tax_rates_in_30_year_.html

Americans paid the lowest federal tax rate in three decades during President Obama’s first year in office, according to a new government report out this week.

The Congressional Budget Office found that the average tax rate in 2009 was 17.4 percent, the lowest since 1979, and down from 19.9 percent in 2007. Although figures are only available through 2009, the CBO expects to see the historic lows maintained through 2010 and 2011.

(The Washington Post points out the irony: 2009 was the same year anti-tax protesters began their full-throated criticism of White House tax policies.)

/snip

Well, this will make the Tea Party happy, right? ...... Right???

3 replies

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CBO report shows Americans paid historic low tax rates during Obama's first year in office. (Original Post) TalkingDog Jul 2012 OP

Sorry, won't make the Tea Party happy. Obama's still black. Scuba Jul 2012 #1

No, this part will give the Republicans more ammo Tennessee Gal Jul 2012 #2

They'll be happy about it if FOX and Rush tell them they should be happy about it JHB Jul 2012 #3

Scuba

(53,475 posts)

1. Sorry, won't make the Tea Party happy. Obama's still black.

Reply to TalkingDog (Original post)

Thu Jul 12, 2012, 06:45 AM

Jul 2012

Tennessee Gal

(6,160 posts)

2. No, this part will give the Republicans more ammo

Reply to TalkingDog (Original post)

Thu Jul 12, 2012, 06:55 AM

Jul 2012

to say that now is not the time to raise taxes on the wealthy. Poor things saw their income drop, don't ya know.

"In part, the tax decline was due to the dramatic decrease in average income that year, an effect of the Great Recession that caused many Americans to slide down into lower tax brackets. In 2009, the average household income was $88,400, according to the Financial Times, notably less than the $101,000 average in 2007. The top 1 percent of earners saw their income decrease by more than a third."

JHB

(37,162 posts)

3. They'll be happy about it if FOX and Rush tell them they should be happy about it

Reply to TalkingDog (Original post)

Thu Jul 12, 2012, 06:57 AM

Jul 2012

If you think that's likely, I have some tropical oceanfront property in Saskatchewan for sale. Beautiful place, really love it, but have to drop it to cover losses on other fronts. Perhaps we can make a deal...

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