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S&P Cuts US Credit Rating to AA+
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<blockquote data-quote="klein" data-source="post: 864678" data-attributes="member: 23950"><p>Well, well, well, just how well Fox news gives you the news ! </p><p></p><p style="text-align: left"><span style="color: #000000">WASHINGTON, May 11 (UPI) -- The U.S. tax burden has shrunk to its lowest level in 60 years, the Bureau of Economic Analysis said.</span></p> <p style="text-align: left"><span style="color: #000000">Including state, federal and local taxes, the average tax bill came out to 9.2 percent of personal income in 2009, USA Today reported Tuesday.</span></p> <p style="text-align: left"><span style="color: #000000">That's down from an average of 12 percent over the past 50 years. The tax burden has not been this low since 1950, the newspaper said.</span></p> <p style="text-align: left"><span style="color: #000000">"The idea that taxes are high right now is pretty much nuts," said Michael Ettlinger, head of economic policy at the Center for American Progress.</span></p> <p style="text-align: left"><span style="color: #000000"></span></p> <p style="text-align: left"><span style="color: #000000"></span></p> <p style="text-align: left"><span style="color: #000000">Read more: <a href="http://www.upi.com/Business_News/2010/05/11/US-tax-burden-at-lowest-point-in-years/UPI-74091273594893/#ixzz1UPg62QOp" target="_blank">http://www.upi.com/Business_News/2010/05/11/US-tax-burden-at-lowest-point-in-years/UPI-74091273594893/#ixzz1UPg62QOp</a></span></p> <p style="text-align: left"><span style="color: #000000"></span></p> <p style="text-align: left"><span style="color: #000000">lowest taxes in 60 years = highest National debt ever (now that doesn't make any sense now, does it ) ?</span></p></blockquote><p></p>
[QUOTE="klein, post: 864678, member: 23950"] Well, well, well, just how well Fox news gives you the news ! [LEFT][COLOR=#000000]WASHINGTON, May 11 (UPI) -- The U.S. tax burden has shrunk to its lowest level in 60 years, the Bureau of Economic Analysis said. Including state, federal and local taxes, the average tax bill came out to 9.2 percent of personal income in 2009, USA Today reported Tuesday. That's down from an average of 12 percent over the past 50 years. The tax burden has not been this low since 1950, the newspaper said. "The idea that taxes are high right now is pretty much nuts," said Michael Ettlinger, head of economic policy at the Center for American Progress. Read more: [URL]http://www.upi.com/Business_News/2010/05/11/US-tax-burden-at-lowest-point-in-years/UPI-74091273594893/#ixzz1UPg62QOp[/URL] lowest taxes in 60 years = highest National debt ever (now that doesn't make any sense now, does it ) ?[/COLOR][/LEFT] [/QUOTE]
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