News -> INDReporter FRI, MAY 6 7:19AM by Leslie Turk

Analysis: American tax burden lowest since 1958

USA Today’s analysis shows that tax cuts and a weak economy have Americans paying the smallest share of their income for taxes since 1958. The total tax burden, which includes federal, state and local taxes, fell to 23.6 percent in the first quarter of this year, according to Bureau of Economic Analysis data. The paper noted:

By contrast, individuals spent roughly 27% of income on taxes in the 1970s, 1980s and the 1990s — a rate that would mean $500 billion of extra taxes annually today, one-third of the estimated $1.5 trillion federal deficit this year. 
“We have a 1950s level of taxation and a 21st-century-sized government,” says Robert Bixby, executive director of the Concord Coalition, a deficit-reduction advocacy group.
The fall in taxes is almost entirely caused by a weak economy rather than lower rates, says Curtis Dubay of the conservative Heritage Foundation. “It’s easy to draw the wrong conclusion,” he says.

Read more here

The USA Today story follows an April 11 Scripps Howard News Service report that found Americans pay much less in taxes than most other people in the industrialized world:

According to the latest estimates from the Organization for Economic Cooperation and Development (OECD) — a Paris-based consortium that tracks financial conditions in 34 nations — the United States pays 24 percent of its gross domestic product (the sum of all goods and services produced in a year) to taxes collected by all levels of government.
Australians pay 27 percent; the Japanese 28 percent; Canadians 31 percent; British 34 percent; Germans 37 percent; French 42 percent; and Swedes 46 percent. Danes lead the world at 48 percent.

Read that story here.

 

 



Comments (13)add
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written by Zen Winky , May 06, 2011 - 07:57 am
This is horrible. We need a 100% taxation now!
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written by LAFAYETTE NATIVE RESIDING IN CA , May 06, 2011 - 09:24 am
Written by: Leslie Turk
The fall in taxes is almost entirely caused by a weak economy rather than lower rates, says Curtis Dubay of the conservative Heritage Foundation.

Leslie, the heritage foundation is a republican fake think tank. Everything that the Heritage Foundation says, it is exactly the opposite. This is a KOCH, MURDOC PROPAGANDA MACHINE.

bin laden has been living in his mansion for 5 or 6 years. Bush allowed this man to get away with killing 6000 americans and counting.

Bush has decimated this country and organizations like the Heritage Foundation played an integral role in sinking this country into debt and war.

!!SMART POWER ROCKS!!
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written by Bow Tox , May 06, 2011 - 12:16 pm
I guess if you don't like here, then you should move to one the countries on the list. Of course, you might consider converting to Islam, in the case of Europe, you may want to be with the majority.
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written by James Melancon , May 06, 2011 - 12:19 pm
written by LAFAYETTE NATIVE RESIDING IN CA

"bin laden has been living in his mansion for 5 or 6 years. Bush allowed this man to get away with killing 6000 americans and counting. Bush has decimated this country"
------------------

Don't forget to add two and a half years for Obama. :-)
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written by BoFred , May 06, 2011 - 12:49 pm
Let's see, if we're unhappy about something where we live, we could always move to another country, or maybe, just maybe...

we could try to chaange it. I vote for the second choice.
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written by LAFAYETTE NATIVE RESIDING IN CA , May 06, 2011 - 01:27 pm
written by James Melancon , May 06, 2011
Don't forget to add two and a half years for Obama. :-)

Frogbreath, Obama did the job in 900 days where Bush could not do the job in 7 years. This is the difference between a President who can think and a president who can't.

All of our soldiers who died unnecessarily while Bush had bin laden living in his mansion is mor than high crimes an misdemeanors, it is treason.

All the lies, lies, lies. The torture, the raiding of the treasure. This is shocking.

Whats more shocking is that mostly all of the Bush administration officials can't leave the country because of all of the warrants for their arrest.
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written by Back to the Subject , May 06, 2011 - 04:14 pm
Instead of going back 50 years, let's go back 100 years and redo the study. Back in a time when there was no income tax at all. Didn't know this fact? No, they don't teach that in our public schools.

But there was such a time, when government intrusion into every facet of life was at a minimum. Americans need to understand that it isn't how much taxes we are paying, it is why we are paying a tax on our income at all. Taxing the income a person makes due to his/her labor is immoral, in the same way subjugating another human being to forced labor is slavery. True, you are not forced to do any work, but if you do, you must pay, through threat of force and/or imprisonment.

More taxes is not the answer. Less government is.


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written by LAFAYETTE NATIVE RESIDING IN CA , May 06, 2011 - 04:49 pm
A more perfect union occurs when when the Government has financial wherewithall to insure that its contract with the American people is fully funded.

If we used those TRILLIONS that Bush squandered on ill advised wars and tax breaks for the rich, to fund the government, we would be sitting pretty.

!!SMART POWER ROCKS!!
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written by Docy B , May 07, 2011 - 10:35 am
Since Bin Laden has been living large in Pakistan for the last 7 years, the Bush administration and their cronies must feel pretty stupid.

All along and through all the fear that the previous administration has stoked over the years is chilling. Our country owes the Obama a deep and abiding gratitude for putting that clown in the grave.

All lies. The Bush and Dick clown show-all lies-

Pat Tillman, Jessica Lynch-all because of lies. WMD, Valarie Plame-all because of lies. Cut the rich taxes and jobs will flow-all because of lies. Abu Grahib, Gitmo-all because of lies. Iraq, Afhganastan-all because of lies. PDB, Keeping America safe-all because of lies. Karl Rove, Dick Cheney-all because of lies. Rumsfeld, Andy Card-all lies. Fox News, Limbaugh-all lies. Hannity, Beck-all lies. Bill Crystal, Lynn Cheney-all lies. Rupert Murdoc, Oreilly-all lies. Fox & Friends, Bret Baer-all lies. Bush, Cheney hunting for bin laden-all lies. Katrina, 6000 soldiers dead and counting-all because of lies.

Smart Power Rocks


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written by LAFAYETTE NATIVE RESIDING IN CA , May 07, 2011 - 12:36 pm
Nice cave huh fox fake news groupies.


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written by NORTHSIDIAN SHOTGUN , May 08, 2011 - 08:37 am
"WAR IS PROFITABLE" ASK THE KENNEDYS ( HAH, CAMELOT ), ASK THE JOHNSON'S, ASK THE BUSH'ES, ASK THE CLINTON'S, ASK THE BUSH'ES, ASK THE OBAMA'S, AND WHOEVER THE MUNITIONS PEOPLE PROP UP ON THE HILL, NEXT.
" War is a losing proposition for those familys who allow their sons and daughters to be put in the line of fire and risk death,
for a measly 4 year college education "uf they live through their tour, Oh, I must say here "tours, because there are not enough brave souls willing to die for 4 years of college. I'd say instead of bitchin over " NGO's and the like, say the thieving politicians and the cost of gas, bitch about the brave souls sent to war for a measly 4 year education, so the sitting administration can receive their piece of the pie.
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written by LAFAYETTE NATIVE RESIDING IN CA , May 08, 2011 - 09:46 am
NORTHSIDIAN SHOTGUN,

War is necessary. What is foolish about war is when the leaders point their guns in the weong direction. (SEE BUSH CHENEY 10 YEAR CALAMITY)

!!SMART POWER ROCKS!!
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written by BoFred , May 09, 2011 - 01:09 pm
MY TAX BURDEN HAS GROWN EVERY YEAR SINCE I STARTED WORKING OUT OF COLLEGE. In college, I didn't have to pay taxes on what I made working cause it was so little. MY PROPERTY TAXES HAVE GROWN EVERY YEAR SINCE I BOUGHT MY HOUSE 15 YRS AGO. $2400 for one home is enough. IF THE LAZY, GREEDY SCHOOL BOARD HAS ITS WAY, I'LL PAY MORE and I SAY NO NO NO !!! Cut somewhere else, like all those specialty high schools, but forget any new property taxes...
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