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December 02, 2012


Tax Burden Under Obama Lower Than 1980s

The New York Times notes that "most Americans in 2010 paid far less in total taxes -- federal, state and local -- than they would have paid" in 1980, when President Reagan first pushed for a wave of tax cuts.

And even when you take the Reagan tax cuts into consideration, "tax rates at most income levels were lower in 2010 than at any point during the 1980s."












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