In the year 2000 combined Federal, State, and local taxes were 14.4 percent of personal income. In 2009, the total combined taxes were down to 9.4 percent of personal income. So that’s a 5% difference, or a decline of 34.7% !
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1. US Taxes As A Percentage Of Personal Income
2. Business Composition, Tax Years 1980-2007
3. Who Holds the Debt