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Ed Huntress Ed Huntress is offline
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Default Income gap between rich and poor


"F. George McDuffee" wrote in message
...
On Sat, 24 Apr 2010 18:14:55 -0400, "Ed Huntress"
wrote:

The median American per capita income has been in decline
for at least 30 years when adjusted for inflation, loss of
benefits, and especially for taxes.


Yes on the first two. No on the third. Taxes on individuals in the US are
currently at their lowest point in 54 years.

========
Why does "Tax Day" keep moving later in the year if the
fraction of income is going down?


It doesn't. The trendline is moving earlier:

http://www.taxfoundation.org/taxdata/show/386.html

Total taxes -- federal, state, and local, including all types -- are now
lower than they've been since 1956.

This *MAY* be true for
Federal taxes, but when state and local income, sales and
real estate taxes are included the total tax take [from
normal people in the normal tax brackets] just keeps going
up. There is also the question of governmental "fees"
rather than taxes. However you slice it, it is more money
taken by the government from the citizens.


Fees are chickenfeed. Total taxes are part of "Tax Freedom Day."

--
Ed Huntress