Wednesday, December 15, 2010

Bush Tax Cuts For The Rich Actually Had The Rich Paying More Taxes

SayAnythingBlog  "In 2000, for instance, the top 1 percent of income earners paid 37.42 percent of all income taxes collected.
"In 2008, they paid 38.02 percent.
"That’s down a bit from the peak of 2007 and reflects the recession hitting.
"The bottom 50 percent of filers saw their share of the income tax burden fall from 3.91 percent to 2.7 percent.
"Two groups in the upper half of the income distribution made out, it seems: Folks coming in between between 10 percent and 25 percent of income and those between 25 percent and 50 percent. Each saw their share of total tax collected decline a bit (like the share of taxes paid, this reflects the recession)."
From Neal Boortz

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