Deadbeat Nation




HT: T-Dub


Anonymous said…
A swing of merely 19 basis points over 33 years (from +14% in 1979 to -5% today) doesn't really seem that large.

It's only notable because it goes from positive to negative.
W.C. Varones said…
That's not 19 basis points; it's 19% (1900 basis points).

And that's a lot of money. The median household income is around $50,000.

So that's a swing from paying $7000 a year to receiving $2500 a year for the median household. That's a big deal.
cm said…
Holy mackerel that first comment is terrifying, even leaving aside the usage of terms s/he doesn't understand.
lady di said…
sigh............when 50% of Americans pay no federal taxes it's over