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August 20, 2004

Tax Cut Effect

Note: this is a post recovered from my old blog, before it died of an insufficient backup. Any comments/trackbacks on it have not been brought over, but can be seen with the original. The date is that of the original posting.

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Here is some interesting information on tax burdens and how they fall. That's right: the top 20% of income earners pay 82.1% of the taxes, while the bottom 40% not only don't pay taxes, but because of credits actually get money (on net) from their "taxes".

Perhaps the Democrats could stop whining about the "greedy rich" and just say "thanks for paying all of this money and not taking up arms to end this confiscatory and tyrannical system". Or even just "thanks".