War on the Middle Class?
Posted in Taxation on Mar 5th, 2008
Effective tax rates on the households in the middle of the income distribution (40th to 60th percentiles) have fallen substantially since 2001 and even more since 1981. Income, payroll and excise taxes now take up 14.2% of income, down from 16.6% of income in 2001 and 19.2% in 1981. My two cents: Couple this trend with […]
