Really. Ms. Maddow, would you explain?
- Your taxes may go up later, but under President Obama, your federal taxes have gone down $173 billion (while state taxes are up $28.6 billion).
- Middle-income families' federal tax burden is at a historic low, now below 5% of total income, after three decades of decline. Three decades—not exactly the basis for mounting rage. Can anyone say anti-Obama astroturf?
- President Obama's stimulus package gave 95% of us tax cuts. Funny: Uncle Sam left mroe money in people's pockets, and they still didn't want to shell out $15 to hear Allen Unruh gibber and yee at the Sioux Falls Tea Party.
- You probably got a bigger refund this year. Indeed, you should thank President Obama.
- Maddow brings in Ezra Klein to talk about the contradictory Tea Bag argument that 47% of Americans aren't paying federal income tax and that that's bad. The Tea Bags, supposed champions of the little guy, want to stir up images of little guys freeloading on the hard work of real Americans. Klein notes the well-off folks backing the Tea Party rallies pay more income tax, but regular working folks pay plenty in payroll taxes and state and local taxes (like South Dakota's tax on eating).
- Klein also presents a great graph from the Citizens for Tax Justice that shows the percentage of the total tax burden shouldered by different income groups aligns pretty closely with each groups total share of national income.
- And if you do still get cranky about 47% of Americans not paying federal income tax, how do you feel about 57% of American corporations and 72% of foreign outfits not paying income tax?
Update 11:36 CDT: On the 47%, see also NYT's David Leonhardt, who notes rich folks like wealthy celebrity talk show hosts have enjoyed larger tax rate declines over the last 30 years than the working class.