Economy

Taxed Enough Already!

Or maybe not.

Notice that taxes on average Americans have been relatively flat since the 1940s while taxes on the wealthy have dropped as much as 30 to 40%. And as we all know, none of them actually pay the top marginal tax-rate of 35%.

Average Americans do not have the luxury of living off of capital gains and dividends which are taxed at a much lower rate.

Question: While conservatives and Teabaggers are fantasizing about a return to an America more representative of the 1950s, do they leave out the part where they were paying much higher taxes?

via MotherJones