Tuesday, May 11, 2010

'The Idea That Taxes Are High Right Now is Pretty Much Nuts'

Think you're hopelessly overtaxed? Well, we've got some folks here who specialize in creative math who are going through contortions to tell us we're all crazy if we think our taxes are too high. According to them, we're paying the lowest level of taxes since 1950.
Amid complaints about high taxes and calls for a smaller government, Americans paid their lowest level of taxes last year since Harry Truman's presidency, a USA TODAY analysis of federal data found.
Some conservative political movements such as the "Tea Party" have criticized federal spending as being out of control. While spending is up, taxes have fallen to exceptionally low levels.

Federal, state and local taxes — including income, property, sales and other taxes — consumed 9.2% of all personal income in 2009, the lowest rate since 1950, the Bureau of Economic Analysis reports. That rate is far below the historic average of 12% for the last half-century. The overall tax burden hit bottom in December at 8.8.% of income before rising slightly in the first three months of 2010.
Of course this propaganda designed as "news" doesn't tell us how they came to this absurd conclusion. We can only figure they simply took the amount of tax revenue taken in by federal, state and local governments and divided it by the total population. Seriously, how on earth they can possibly tell me I'm paying 9.2% of my income when I have eyes and can actually read my paycheck and tax return?

Seems to me some of our "friends" on the left are behind this drivel and are just using this as a pretense to jack up our taxes under the mantra we're not paying our fair share or some such nonsense.
"The idea that taxes are high right now is pretty much nuts," says Michael Ettlinger, head of economic policy at the liberal Center for American Progress. The real problem is spending, counters Adam Brandon of FreedomWorks, which organizes Tea Party groups. "The money we borrow is going to be paid back through taxation in the future," he says.
The Center for American Progress, of course, is a George Soros-funded, far left outfit.
One of CAP's primary missions is to carry out "rapid response" to what it calls conservative "attacks" in the media. To this end, CAP maintains more than a dozen spokespeople ready to appear on short notice on national talk shows to debate or respond to conservative commentators. Among CAP's expert commentators are its own President, John Podesta; Eric Alterman, who claims expertise on the subject of media; and CAP Senior Vice President Morton Halperin, who offers to speak on national security.

On May 3, 2004, CAP helped to launch David Brock's Media Matters for America - which claims to serve as a "watchdog" organization monitoring "rightwing" media for ethics and accuracy. According to The New York Times, Brock conferred with Hillary Clinton, Senator Tom Daschle, and former Vice President Al Gore about Media Matters before embarking on the project. "Mr. Brock's project was developed with help from the newly formed Center for American Progress," notes the Times, and John Podesta "introduced [Brock] to potential donors."

CAP posts daily "Talking Points" to guide the likeminded in their disputes with conservatives. The organization has also established an American Progress Action Fund as a "sister advocacy organization" that "transforms progressive ideas into policy through rapid response communications, legislative action, grassroots organizing and advocacy, and partnerships with other progressive leaders throughout the country and the world."

The March 2004 Foundation Watch newsletter of the Capital Research Center reports that CAP raised $13 million in 2003. Part of that money came from George Soros, who had pledged $3 million, to be paid in $1 million increments over three years. Part came from Herbert and Marion Sandler, co-CEOs of the Oakland, California savings and loan holding company Golden West Financial Corporation (S&L).

Other donors to CAP include the Rockefeller Family Fund; the Irving Harris Foundation, the Philip Murphy Foundation, the New York Community Trust, the Overbrook Foundation, the Peninsula Foundation, the Robert E. Rubin Foundation, the San Francisco Foundation, the Bauman Family Foundation, the Nathan Cummings Foundation, the Joyce Foundation, the Open Society Institute, and the Robert and Irene Schwartz Foundation.

After Barack Obama was elected President in 2008, CAP served as perhaps the most influential organization advising the new administration. Among Obama's leading advisers were John Podesta and at least ten additional CAP experts.
I wouldn't be surprised to find out CAP funded this "news" study. Expect a barrage of stories on this today from the usual sources telling us we're all nuts for thinking we're overtaxed.

Thanks to Hot Air for the link.

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