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![]() "thunder" wrote in message ... On Mon, 15 Aug 2005 11:25:56 -0400, Jeff Rigby wrote: You want to start a new thread on this Harry? The middle class has been overtaxed since Johnson. Our standard of living (middle class) has been reduced to the point that it is now necessary for both parents to work, primarily because of Taxes. The government takes a larger and larger share of the pie. Uh, actually, Federal Taxes have remained remarkably constant, at least as a percent of GDP, for over 50 years. 18% +- 1 http://www.taxpolicycenter.org/TaxFa....cfm?Docid=200 I've mentioned this before; but I guess it need saying; Johnson and the Democrats were told that they can deficit spend and the money they spend would be paid back by taxpayers in the form of an increased tax called brackett creap. Simply explained; deficit spending causes inflation, then because of inflation we are all getting more dollars and because of our "income leveling" income tax schedule we start paying more of our income in taxes. The middle class usually doesn't have as may writeoffs as those who make larger saleries so we end up paying a larger share of the taxes collected by the government. You can not lay this all at the current presidents feet. A small percentage yes since his priorities changed after 9/11. Both parties are guilty, Republicans can take a lesser share of the blame only because they have been in power for a shorter time. |
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