DiscApp ID # 206964
Article ID # 585970
Author SC
Email
IP 68.229.209.30
Date Sun Dec 2, 2012 11:36:34
Subject Oh noes

As the NYT put it, “Congress cut federal taxation at every income level over the last 30 years.” But liberals keeping telling me that only the rich get tax cuts! Anyway, here’s an interesting statistic: Federal tax revenue as a share of GDP from 1954 through 1980 averaged 17.8%, while from 1981 through 2007, it averaged 18.1%. Lower taxes but more revenue. Hmmm ….

3. The NYT does point out how payroll taxes have risen, which especially affects middle-class households: