Tax bills in 2009 at lowest level since 1950

 Check out today's USA Today article about how last year's tax burden is the lowest since 1950.


Federal, state and local income taxes consumed 9.2% of all personal income in 2009, the lowest rate since 1950, the Bureau of Economic Analysis reports. That rate is far below the historic average of 12% for the last half-century. The overall tax burden hit bottom in December at 8.8.% of income before rising slightly in the first three months of 2010.

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