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Weekly Roundup: Not Enough Taxes
Posted By Jim On 05/15/2010 @ 12:03 pm In Personal Finance | 48 Comments
I’m sure you’ve heard about the TEA Party, “Taxed Enough Already,” and how they want change (if you haven’t, turn on the news!). Well, did you also know that, according to a USA Today’s article , we are paying the lowest amount of taxes in 60 years? Federal, state, and local taxes consumed 9.2% of all personal income in 2009, the lowest since 1950 and far below the 12% average of the last fifty years.
Remember, the tax brackets  are just a starting point… after deductions and credits, very few people pay anything close to their marginal tax rate.
Here are this week’s choice cuts:
Finally, Lazy Man shares 8 ways to be more focused when you work from home . I found eating breakfast (and wearing pants) are absolutely crucial.
Enjoy the rest of your weekend and be on the lookout for this week’s New Graduate Guide!
(Photo: alancleaver )
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 USA Today’s article: http://consumerist.com/2010/05/actually-youre-paying-the-lowest-amount-of-taxes-in-60-years.html
 tax brackets: http://www.bargaineering.com/articles/federal-income-irs-tax-brackets.html
 60 Minutes: http://www.cbsnews.com/stories/2010/05/06/60minutes/main6466484.shtml
 default on an underwater mortgage: http://www.bargaineering.com/articles/default-underwater-mortgage.html
 academic study: http://www.nypost.com/p/news/business/jobs/the_worst_generation_ZHtISjvJY3GglWGTlWa0gO
 5 ways to earn more from your bank: http://articles.moneycentral.msn.com/SavingandDebt/SaveMoney/weston-5-ways-to-earn-more-from-your-bank.aspx
 a mistake to chase interest rates: http://www.thesimpledollar.com/2010/05/13/can-you-actually-make-money-chasing-rates/
 The 7 Biggest Money Problems for Most People: http://genxfinance.com/2010/05/11/the-7-biggest-money-problems-most-people-have/
 8 ways to be more focused when you work from home: http://www.lazymanandmoney.com/work-from-home-8-ways-to-keep-focused/
 alancleaver: http://www.flickr.com/photos/alancleaver/4122172006/sizes/m/
Thank you for reading!