75% Effective Tax Rate for Middle Class?

I yield to one in my belief that the effective combined federal, state and local tax rate on Americans is shockingly higher than commonly believed, but even I think that an estimated 75% rate for the middle class is a little high.

Also at Zerohedge, a terrific turn of phrase:  Happy In Dependence Day.

About Conrad

Conrad O'Connor is the nom de web of a tax lawyer working in Atlanta, Georgia.
This entry was posted in Tax Policy. Bookmark the permalink.

Leave a Reply