Or maybe not so much, given this interesting graph from the New York Times:
You’ll notice that starting around the beginning of the Bush administration, tax rates started going down for the richest tax-payers...as well as every other level of income as well.
Which means that “tax cuts for the rich” is a flat-out lie.
"Tax Cuts For The Rich” Cool!!!!!!
More work for everyone!!! More pay for everyone!!!!!
More tax revenue for government!!! BOOOOOOO!!!!!!
Una Salus Victus Nullam Sperare Salutem
did you happen to read the article?
“A family in that top 1 percent of earners paid a total federal tax rate — including everything from payroll taxes to income taxes to capital gains taxes — of 30 percent in 2004. That was down from 41 percent a decade before”
...and…
“the effective corporate tax rate isn’t any higher than it has been on average over the last 25 years, and it’s far lower than it was in the 1960s and ’70s.”
...point to a tone in the article completely opposite to the one you insinuate. Bush hasn’t cut them much on his own. they have been in sharp decline since the 80s as the top earners have grown exponentially richer. cool graphic though.
And those same 1% pay a greater portion of the total tax bill than ever before.
The Debate is over! Global Whining has been confirmed.
It’s not rocket science; jobs are created by capital investment; taxes redirect that money to the political class, where it isn’t available for capital investment; therefore, decreasing tax rates frees up more money for economic growth.
"If the good men are silent only the wicked are heard.” - Edmund Burke
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