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Reply to "Is a family in DC making $200k "wealthy"?"
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[quote=Anonymous]"Federal, state and local income taxes consumed 9.2% of all personal income in 2009, the lowest rate since 1950, the Bureau of Economic Analysis reports. That rate is far below the historic average of 12% for the last half-century. The overall tax burden hit bottom in December at 8.8.% of income before rising slightly in the first three months of 2010." http://www.usatoday.com/money/perfi/taxes/2010-05-10-taxes_N.htm[/quote]
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