Gain in Income Is Offset by Rise in Property Tax

Nationwide, property taxes grew 28 percent from 2000 to 2004, though income went up only 16 percent.

From New York Times

Anyone still willing to argue that under the Bush administration, the middle class is paying less in taxes? I for one would not be willing to defend that proposition. Likewise, anyone really willing to argue that the Bush tax cuts have stimulated the economy; now that it is clear that median wages haven’t kept up with inflation, the median household savings is negative and local taxes have grown faster than household income? And would anyone willing to defend the current state of the economy still be willing to do so if Gore or Kerry were in office?

By Stable Genius

I am the very model of a Stable Genius Liberal.