An anaylsis from the New York Times on Friday indicated that Americans in 2010 paid
"far less" in combined federal, state and local taxes than they did in the 1980s.

Quoted Text

But in fact, most Americans in 2010 paid far less in total taxes — federal, state and local — than
they would have paid 30 years ago. According to an analysis by The New York Times, the
combination of all income taxes, sales taxes and property taxes took a smaller share of their
income than it took from households with the same inflation-adjusted income in 1980.

Households earning more than $200,000 benefited from the largest percentage declines in total
taxation as a share of income. Middle-income households benefited, too. More than 85 percent
of households with earnings above $25,000 paid less in total taxes than comparable households
in 1980.

NY Times
http://www.nytimes.com/2012/11.....F5139A0CD69CC27109C8

Quoted from Box A Rox

An anaylsis from the New York Times on Friday indicated that Americans in 2010 paid
"far less" in combined federal, state and local taxes than they did in the 1980s.

No sh*t sherlock.  How do you think we racked up $16 trillion in debt?  Wars and entitlements on credit.  If Americans paid the real cost of both wars and welfare entitlements up front through taxation, we wouldn't have wars and welfare.

The national debt was only on average 50% of GDP during the 80's.  Reagan's highest annual budget deficit was $302 billion in 85-86.   The national debt is now 100% of GDP AND CLIMBING.  And that's just current debt owed, that doesn't include the future unfunded liabilities for federal, state, and local government pensions that are going to start being collected at a higher rate with the boomer generation retiring.  

Obama's budget deficit in 2011-2012 is $1.2 trillion, adding to the already $16 trillion debt. Obama increased the federal debt over 60% in just 4 years.

During the 80's the large boomer generation was in the most productive years of their lives, and a productive asset to the economy.   Now the largest generation is heading into retirement and turning into a non-productive liability and expecting to collect on their government pensions and healthcare from a government that is $16 trillion in debt.

WHO IS GOING TO PAY FOR THEM?  CHINA?  JAPAN?  INDIA?  EUROPE?  

NOBODY - WE THE GOVERNMENT DEFAULTS.  

Quoted from Box A Rox

An anaylsis from the New York Times on Friday indicated that Americans in 2010 paid
"far less" in combined federal, state and local taxes than they did in the 1980s.



NY Times
http://www.nytimes.com/2012/11.....F5139A0CD69CC27109C8

Not really...When you calculate it  on how long it takes to pay all your taxes based on a calendar year (tax free date), it hasn't changed much.. and is certainly not far less...

http://taxfoundation.org/tax-topics/tax-freedom-day

They base it on ALL taxes, including sales taxes... we were paying 4% back in the 80's, it's 7%+ now

Quoted from CICERO

The national debt was only on average 50% of GDP during the 80's.  Reagan's highest annual budget deficit was $302 billion in 85-86.  

As governor of California, Reagan signed into law the largest tax increase in the history of
any state up till then.
Meanwhile, state spending nearly doubled.

As president, Reagan raised taxes in seven of his eight years in office.

And the burden continues to rise!
All we gotta do is just keep printing $$$$$$$$$$$!!!  

Like i have been saying..........this has been in the  making for decades!!!

Different side of the same corrupt coin!

Quoted from Box A Rox

As governor of California, Reagan signed into law the largest tax increase in the history of
any state up till then.
Meanwhile, state spending nearly doubled.

As president, Reagan raised taxes in seven of his eight years in office.

That's the honest way to pay for spending.  He entered office with debt incurred by his predecessor Edmund Brown, then left office with a $5 billion surplus and a rebate to the taxpayers of California.

As President, in his first 4 years, Obama maintained high spending, high deficits, and 60% increase in national debt.  You can say what you want, but Reagan's balance sheets were not as out of whack as Obama.  I'm not just blaming that crook Obama, but the phony "conservative" crooks in the republican party are at fault too.

each generation 'pays it forward'.....especially since WW2.....

each politician that gets elected 'pays it forward' via contracts.....never mind about the here and now...sign up for future
payouts/payoffs......