Report: Americans paid 17 percent less taxes in 2009
A report by the nonpartisan Congressional Budget Office says that Americans paid the lowest tax rates in 30 years during President Obama’s first year in office, according to the Washington Post.
In 2009, households paid an average tax rate of 17.4 percent, down nearly two full percentage points from 2007 and nearly four points below a 30-year average of 21 percent. The lowest 20 percent of earners paid 1 percent of their before-tax income, an 80 percent decrease from 2007, when they paid 5.1 percent.
The report’s findings come out on the same day that Obama is scheduled to meet with Democratic leaders, the Wall Street Journal reports, as he seeks to extend tax cuts thru 2013 for most households while raising tax rates for families making more than $250,000 a year.
“Americans are still fighting to make ends meet after the worst recession since the Great Depression,” said Amy Brundage, a White House spokeswoman. “That’s why the President won’t rest until Congress acts to extend the tax rates for the middle class through next year.”
http://www.rawstory.com/rs/2012/07/11/report-americans-paid-17-percent-less-taxes-in-2009/
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