According to a 7 Feb 11 Associated Press article, American families and businesses will pay less in federal taxes for the third straight year in a row, and will pay far less than they did under former President George W. Bush (R), thanks to a combination of a weak economy and a growing number of tax breaks for both the wealthy and the poor.
“Income tax payments this year will be nearly 13 percent lower than they were in 2008, the last full year of the Bush presidency. Corporate taxes will be lower by a third, according to projections by the nonpartisan Congressional Budget Office,” the article said.
The current tax rates are actually the lowest Americans have paid since Harry S. Truman was President. So, if tax rates are the lowest since Harry Truman, which means they’re lower than when Ronald Reagan was President, where’s the boom to the economy that should be overflowing from trickle down?
The only trickle down is something I refuse to write about here, truth is there is no trickle down! Reaganomics is all smoke and mirrors, his higher revenues didn’t show up until after he enacted the highest corporate tax increases in U.S. history. Sorry Sarah Palin, Hannity and Rush, but facts are facts.
So, please Tea Party and Republicans enough with the boo hoo hoo we’re taxed too high already. Find something worthy to protest, like, oh I don’t know? Maybe, the fact we’re still losing young men and women in Iraq and Afghanistan? Or how about (in spite of what Billo the Clown O’Reilly claims) we have homeless veterans freezing to death? But really, just because the 1st Amendment gives you the right to protest, doesn’t mean you should; protesting you’re being taxed too high when you’re paying far less than your parents or grandparents paid is not only obscene, it’s dull-witted, simple-minded and obtuse.
The Liberty Tree 