Friday, April 16, 2010

Taxing the imagination?

Lexington, Kentucky? Interesting place to see this editorial.

Rebelling against lower taxes?
Most Americans don't know they got a tax cut last year, according to a New York Times/CBS News poll.

Seventy-nine percent said the Obama administration had raised taxes or kept them the same.

Only 12 percent knew that most Americans are paying less in federal income taxes.

Ninety-eight percent of working families and individuals got a tax cut, saving them an average $1,158

The top 1 percent in Kentucky (average income $769,270) got an average tax cut of $3,644 mainly because of relief from the alternative minimum tax.

It's probably a safe bet that most Americans also don't know that federal taxes are lower now than they have been in most of our lifetimes.

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