By One Measure, Federal Taxes Lowest Since 1950

Yeah, if that measure is pure stupidity!! But read on.
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Taxes too high?
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Actually, as a share of the nation's economy, Uncle Sam's take this year will be the lowest since 1950, when the Korean War was just getting under way.
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But is there a reason why they are lower?
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And for the third straight year, American families and businesses will pay less in federal taxes than they did under former President George W. Bush, thanks to a weak economy and a growing number of tax breaks for the wealthy and poor alike.
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I'm betting the POOR ECONOMY IS THE BIGGEST REASON!!!!
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Income tax payments this year will be nearly 13 percent lower than they were in 2008, the last full year of the Bush presidency. Corporate taxes will be lower by a third, according to projections by the nonpartisan Congressional Budget Office.

The poor economy is largely to blame, with corporate profits down and unemployment up. But so is a tax code that grows each year with new deductions, credits and exemptions. The result is that families making as much as $50,000 can avoid paying federal income taxes, if they have at least two dependent children. Low-income families can actually make a profit from the income tax, and the wealthy can significantly cut their payments.
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Damn, I thought so!!! It's the economy stupid.
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"The current state of the tax code is simply indefensible," says Sen. Kent Conrad, D-N.D., chairman of the Senate Budget Committee. "It is hemorrhaging revenue."
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I just keep thinking the more of this kind of crap journalists push, the closer to revolt we get. Sad but true in my opinion.
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Schteveo