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Political Factoid
During the past 10 years,
the average effective
federal income tax rate
for all taxpayers declined
from 9.9 percent to 9.3 percent.*
This may not match the "perception" held
by most people.
The actual tax dollars have gone up
due to inflation,** along with the
skyrocketing state and local taxes
(sales taxes, state income taxes, property
taxes, etc.)
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| * |
Compared to the 40% drop for the top 400 taxpayers
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| ** |
as well as the budgets of many people.
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cf.
1534
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-30-
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