Your taxes are the lowest they've been in 30 years

[Riot]

Despite lies that Obama has raised taxes, that simply is not true. The below is also the reason we have a massive deficit.

http://www.washingtonpost.com/busine...bbW_story.html

In 2009, Americans paid lowest tax rates to Federal Government in 30 years

Americans paid the lowest tax rates in 30 years to the federal government in 2009, due in part to tax cuts sought by President Obama to combat the Great Recession, congressional budget analysts said Tuesday.

A sharp decline in income — especially among the wealthiest Americans, who pay the highest tax rates — also played a role, according to the report by the nonpartisan Congressional Budget Office. Household income fell 12 percent on average from 2007 to 2009, with income among the top 1 percent of earners falling by more than a third.

Still, at the very moment anti-tax protesters were emerging as the most powerful force in American politics, handing Republicans landslide control of the U.S. House, the data show that people were sending the smallest portion of their income to the federal government since 1979.

During Obama’s first year in office, the average tax rate paid by all households fell to 17.4 percent, down from 19.9 percent in 2007, according to the CBO. The 2009 rate was significantly lower than the previous low of 19.4 percent in 2003 and well below the 30-year average of 21 percent.

The tax burden — which includes all forms of federal levies, including income, payroll and corporate taxes — lightened for households across the board, thanks in part to Obama’s signature “Making Work Pay” tax credit and other tax cuts passed as part of the 2009 economic stimulus package, the CBO said.

Continued, more detail at:
http://www.washingtonpost.com/busine...bbW_story.html