More on Tax Fairness – We Pretty Much Have Flat Taxes Now

In the last couple of days I've posted a couple times on taxes. In one post, I observed how hedge fund managers have radically lower tax rates than the most of us because of a loophole introduced in the Bush-era tax cuts.  Yesterday, I showed  graphically how average income tax rates are actually lower than … Continue reading More on Tax Fairness – We Pretty Much Have Flat Taxes Now

Tax Rates Are Historically Low

The  Difference Between Average and Marginal Taxes U.S. average tax rates are at historical lows.  Yes, that's right. Our taxes aren't "high", despite the Tea Party's claim that we are "taxed enough already".  The average family pays approximately 5% of gross income as U.S federal income tax. How can that be you ask?  Well, the … Continue reading Tax Rates Are Historically Low