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CBO: Fed tax rates hit historic low

By: clo in FFFT | Recommend this post (0)
Wed, 11 Jul 12 6:13 PM | 88 view(s)
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Meanwhile, the GOP mantra that lowering taxes creates jobs, continues to be proven a misnomer.

CBO: Fed tax rates hit historic low

By TIM MAK | 7/11/12 8:50 AM EDT

The average tax rates for American households reached a historical low in 2009, according to a report issued by the non-partisan Congressional Budget Office.

Indeed, federal taxes for American households averaged 17.4 percent in 2009, a historical low over the 1979 to 2009 period.

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