Political Quotes

On the recordJune 26, 1997
I think today is a day that we should stop... to look back. In 1957, when I was born, my parents paid less than 10 percent of every dollar they made in combined taxes, local, State and Federal put together. The Federal tax rate was only a third of that, but they only paid a dime out of every dollar. We now know that in today's world, that figure is approximately half. As a matter of fact, Tax Freedom Day is going to take place next week, on Thursday, July 3. That is incredible because July 4, the following day, is Independence Day.
Said by
Zach Wamp
Tennessee

Editor's note · Context

Discussing the growth of federal taxes since the 1950s.

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