Tue, 25 May 2010

How to Create the Illusion of Low Taxes

No smoke or mirrors required - just some fun with math, and choosing what to call a tax.

To the surprise of opponents of big government, the U.S Bureau of Economic Analysis (BEA) estimates that taxes at all levels of government take only 9.2 percent of our income, the lowest rate since Harry Truman was president. USA Today and various news-media personalities, like Chris Matthews of MSNBC, have used this statistic to hammer those who complain about President Obama’s profligate fiscal policies.

(link) [The Freeman]

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