So, yeah. After various tax cuts and credits for 98% of all Americans, taxes are at their lowest in 60 years. "Tax and spend" is looking a lot more like "cut and spend" right now. I heard an interesting interview on NPR with Brian Leher, where he talked to several people about their tax rates. While the callers who were solidly middle class reported a total tax percentage of 28-35, his guest, who was a professor at Columbia, as well as an investment banker, only paid around 15%. http://beta.wnyc.org/shows/bl/2010/apr/15/tax-my-money-please/ There's a bunch of other interviews from today, with tea party activists, and more. Give it a listen if you're interested in hearing a variety of views on the subject.