"For the average family, all these taxes now eat 38 percent of gross income, a higher rate of taxation than ever before in the peacetime history of the United States. By comparison, the typical two-income family in the mid-1950s paid 28 percent of their income for taxes. We’re now at the absurd point where the typical family works until noon of every working day to satisfy the taxman, paying more in taxes than they spend for food, clothing and housing combined." | by: | |
Source: | April 15, 1999, Taxed to Death
http://mises.org/daily/190 |
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