It's the day after April 15 — Tax Day! — and we're all destitute, our pockets picked clean by Uncle Sam. Right?
Naw! Quit your whining. It's almost certain you got a tax cut this year.
Why? Because the federal stimulus bill that the Tea Partiers hate so much reduced federal income taxes for 98 percent of all working families and individuals, according the Citizens for Tax Justice, a nonpartisan think tank.
Ninety five percent of working families got a tax credit of $400 for an individual or $800 for a married couple. And they will get that same credit in 2010.
The Tax Foundation, another nonpartisan think tank, analyzed the tax burden for the average American and found that it was lower than it has been at any point since 1971.
In all, the stimulus package included $300 billion in tax cuts, one of the largest tax cuts in history. And, instead of going to the wealthiest 3 percent of Americans, as the Bush tax cuts did, this time the money was spread among nearly all middle-class families nationwide.
To read the complete column, visit www.heraldonline.com.
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